A quality-control reviewer flags a case because marketing proposes a rate the company is not prepared to offer. What correction is appropriate?
Correct Answer
B) Advertise only credit terms actually available
Lines 261-265 and 273-277; 12 CFR 1026.24(a). Specific advertised terms must be terms the creditor actually is or will be prepared to offer. Therefore, the correct response is "Advertise only credit terms actually available".
Why This Is the Correct Answer
Lines 261-265 and 273-277; 12 CFR 1026.24(a). Specific advertised terms must be terms the creditor actually is or will be prepared to offer. Therefore, the correct response is "Advertise only credit terms actually available".
More Ethics & Fraud Questions
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