A team member asks about TILA Advertising Requirements in a daily pipeline review while trying to resolve the issue before the file moves forward. Which response should a risk reviewer use?
Correct Answer
A) Disclose required terms when a trigger term is used
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Disclose required terms when a trigger term is used".
Why This Is the Correct Answer
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Disclose required terms when a trigger term is used".
More Federal Laws Questions
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