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Ethics & Fraudmedium18% of exam

In a document-cure review, a closing coordinator sees facts tied to TRID Advertising Requirements. What should the file reflect?

Correct Answer

A) 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
Remove the misleading approval or savings claim
B
Continue the activity because the borrower appears willing to proceed.
C
Ignore the consumer-protection issue unless the borrower complains.
D
Apply the state renewal timing rule even though the file is testing TRID Advertising Requirements.

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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