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Ethics & Fraudmedium18% of exam

Finley is training a new MLO on advertising compliance and Advertising and Marketing Ethics. Which statement is accurate?

Correct Answer

D) 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".

Answer Options
A
Continue processing without correcting the disclosure, licensing, compensation, or consumer-protection issue.
B
Ignore the issue if the borrower orally agrees to continue.
C
Proceed based only on borrower preference and document the file later.
D
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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