An advertising approval raises a question about advertising and consumer-protection controls. Which action should the compliance manager recommend?
Correct Answer
D) Avoid refinancing that increases cost without benefit
refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. 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 "Avoid refinancing that increases cost without benefit".
Why This Is the Correct Answer
refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. 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 "Avoid refinancing that increases cost without benefit".
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Morgan notices a compliance issue tied to anti steering and Anti-Steering Requirements. What is the best next step?
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During a disciplinary-risk review, a state compliance officer identifies an issue involving advertising and consumer-protection controls. Which response is most compliant?