A training manager is training staff on advertising and consumer-protection controls using an advertising approval. Which statement is accurate?
Correct Answer
C) Use truthful advertising with required APR disclosures
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 "Use truthful advertising with required APR disclosures".
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 "Use truthful advertising with required APR disclosures".
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A borrower-facing employee is unsure what to do when an ad shows an interest rate but omits the APR presentation. What is the correct response?