A sponsorship reviewer documents a Georgia advertising and disclosure controls and needs one rule for advertising and disclosure controls. Which statement belongs in the file?
Correct Answer
A) The Georgia Fair Lending Act is O.C.G.A.
The Georgia Fair Lending Act is O.C.G.A. Title 7 Chapter 6A, and a home loan generally means a loan secured by Georgia real estate with a one-to-four family principal dwelling, while reverse mortgage, construction, bridge, personal-property, and business, agricultural, or commercial purpose loans are excluded.
Why This Is the Correct Answer
The Georgia Fair Lending Act is O.C.G.A. Title 7 Chapter 6A, and a home loan generally means a loan secured by Georgia real estate with a one-to-four family principal dwelling, while reverse mortgage, construction, bridge, personal-property, and business, agricultural, or commercial purpose loans are excluded.
More UST Questions
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