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A loan production team asks compliance about Connecticut advertising and consumer-protection controls. Which answer is the best guidance?

Correct Answer

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

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

Answer Options
A
Treat advertising and consumer-protection controls as satisfied by borrower consent alone.
B
Connecticut fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.
C
Delay the Connecticut requirement until after the loan closes or the renewal period ends.
D
Treat consumer consent as a cure for a prohibited or missing compliance step.

Why This Is the Correct Answer

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

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