A mortgage team asks a state compliance officer about advertising and consumer-protection controls during a mortgage operations checklist. Which answer should guide the file?
Correct Answer
A) Avoid risky features when the safe-harbor category requires it
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 "Avoid risky features when the safe-harbor category requires it".
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 "Avoid risky features when the safe-harbor category requires it".
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