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A branch supervisor is updating Georgia procedures for record-retention audit and flags advertising and consumer-protection controls. Which answer is accurate?

Correct Answer

D) The Georgia Fair Lending Act defines a high-cost home loan as a home loan whose terms meet or exceed one or more statutory threshold triggers.

The Georgia Fair Lending Act defines a high-cost home loan as a home loan whose terms meet or exceed one or more statutory threshold triggers.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a branch onboarding review exception instead of satisfying the rule before activity continues.
D
The Georgia Fair Lending Act defines a high-cost home loan as a home loan whose terms meet or exceed one or more statutory threshold triggers.

Why This Is the Correct Answer

The Georgia Fair Lending Act defines a high-cost home loan as a home loan whose terms meet or exceed one or more statutory threshold triggers.

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