During an annual compliance meeting, a training manager identifies an issue involving TILA advertising. Which response is most compliant?
Correct Answer
A) Remove misleading mortgage-advertising claims
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Remove misleading mortgage-advertising claims".
Why This Is the Correct Answer
Mortgage advertisements must be truthful and include required APR or trigger-term disclosures. The best answer is "Remove misleading mortgage-advertising claims".
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