Before the file moves forward, Quinn must resolve an issue involving advertising compliance and TILA — Advertising Requirements. What should happen?
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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A processor asks how to handle a file where a loan officer wants different terms because of a protected applicant characteristic. Which response is most accurate?
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