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A quality-control review covers Alabama files involving advertising and consumer-protection controls. Which finding is accurate?

Correct Answer

B) Alabama Bureau of Loans administers Alabama mortgage broker and SAFE Act requirements for state-regulated mortgage conduct.

Alabama Bureau of Loans administers Alabama mortgage broker and SAFE Act requirements for state-regulated mortgage conduct.

Answer Options
A
Postpone the Alabama advertising and consumer-protection controls issue until the next annual review.
B
Alabama Bureau of Loans administers Alabama mortgage broker and SAFE Act requirements for state-regulated mortgage conduct.
C
Use only the federal baseline and ignore the separate Alabama state requirement.
D
Apply the rule only after the Alabama regulator has already opened an examination.

Why This Is the Correct Answer

Alabama Bureau of Loans administers Alabama mortgage broker and SAFE Act requirements for state-regulated mortgage conduct.

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