A training manager is reviewing a mortgage file during a state-law refresher. Which statement correctly handles advertising and consumer-protection controls?
Correct Answer
A) Verify repayment ability before recommending the loan
predatory-lending concerns include unaffordable loans, equity stripping, flipping, and abusive high-cost features. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Verify repayment ability before recommending the loan".
Why This Is the Correct Answer
predatory-lending concerns include unaffordable loans, equity stripping, flipping, and abusive high-cost features. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Verify repayment ability before recommending the loan".
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A quality-control reviewer flags a case because marketing proposes a rate the company is not prepared to offer. What correction is appropriate?
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