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A compliance checklist separates federal SAFE rules from Alabama rules on advertising and consumer-protection controls. Which statement is accurate?

Correct Answer

A) Alabama fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

Alabama fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

Answer Options
A
Alabama fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.
B
Close or renew first, then decide whether the consumer complaint response needs a compliance correction.
C
Proceed before the required Alabama license, sponsorship, disclosure, record, or approval is in place.
D
Use an informal manager exception without updating the license, file, or required record.

Why This Is the Correct Answer

Alabama fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

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