EstatePass
Ethics & Fraudhard18% of exam

During quality control, Elliot finds a file issue involving advertising compliance and Truth in Advertising. Which action is most appropriate?

Correct Answer

A) Disclose conditions tied to the advertised offer

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 "Disclose conditions tied to the advertised offer".

Answer Options
A
Disclose conditions tied to the advertised offer
B
Proceed based only on borrower preference and document the file later.
C
Rely on sales practice rather than required verification, disclosure, or documentation.
D
Use a manager exception instead of the required federal mortgage rule.

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 "Disclose conditions tied to the advertised offer".

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