A mortgage operations checklist raises a question about TILA advertising. Which action should the state compliance officer recommend?
Correct Answer
A) State the APR when advertising a rate
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "State the APR when advertising a rate".
Why This Is the Correct Answer
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "State the APR when advertising a rate".
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