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Ethics & Fraudmedium18% of exam

An internal audit flags mortgage mortgage advertising compliance. Which response best protects compliance?

Correct Answer

B) Remove the misleading approval or savings claim

Mortgage advertising must avoid misleading claims and satisfy APR/trigger-term rules. The best answer is "Remove the misleading approval or savings claim".

Answer Options
A
Continue the activity because the borrower appears willing to proceed.
B
Remove the misleading approval or savings claim
C
Ignore the consumer-protection issue unless the borrower complains.
D
Document the issue later instead of correcting the compliance problem first.

Why This Is the Correct Answer

Mortgage advertising must avoid misleading claims and satisfy APR/trigger-term rules. The best answer is "Remove the misleading approval or savings claim".

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