A quality-control reviewer is resolving TILA Advertising Requirements during a quality-control sample. Which action best fits the rule?
Correct Answer
B) Use truthful advertising with required APR disclosures
Mortgage advertising must avoid misleading claims and satisfy APR/trigger-term rules. 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. The best answer is "Use truthful advertising with required APR disclosures".
More Ethics & Fraud Questions
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A disclosure specialist compares the file facts with Fraud Detection and Reporting during a new-hire scenario. Which conclusion is accurate?
Before the team acts on a production meeting, the MLO must address professional conduct standard to Borrowers. Which response is most defensible?
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A processor asks how to handle a file where a title company offers a gift card for each borrower referral. Which response is most accurate?
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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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