A company policy update raises a question about advertising and consumer-protection controls. Which action should the state compliance officer recommend?
Correct Answer
B) 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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In a training scenario, a loan officer wants different terms because of a protected applicant characteristic. What action best follows the rule?
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