A loan file reviewer is reviewing a mortgage file during a state-law refresher. Which statement correctly handles advertising and consumer-protection controls?
Correct Answer
A) Present loan options without steering for compensation
anti-steering rules restrict steering consumers to loans that increase compensation without being in the consumer interest. 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 "Present loan options without steering for compensation".
Why This Is the Correct Answer
anti-steering rules restrict steering consumers to loans that increase compensation without being in the consumer interest. 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 "Present loan options without steering for compensation".
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