A borrower scenario raises a question about advertising compliance and SAFE Act — MLO Requirements. Which answer should Emery rely on?
Correct Answer
C) Substantiate advertised terms before publication
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 "Substantiate advertised terms before publication".
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 "Substantiate advertised terms before publication".
More Ethics & Fraud Questions
In a mortgage origination file, a title company offers a gift card for each borrower referral. Which action should be taken?
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