A loan team is about to close a file involving advertising compliance and TRID Advertising Requirements. Which action should occur first?
Correct Answer
A) Remove the misleading approval or savings claim
mortgage advertising must avoid misleading claims and satisfy APR/trigger-term rules. 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 "Remove the misleading approval or savings claim".
Why This Is the Correct Answer
mortgage advertising must avoid misleading claims and satisfy APR/trigger-term rules. 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 "Remove the misleading approval or savings claim".
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