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Before approving the company policy update, a Idaho operations lead checks advertising and consumer-protection controls. Which conclusion is best supported?

Correct Answer

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

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

Answer Options
A
Postpone the Idaho advertising and consumer-protection controls issue until the next annual review.
B
Use only the federal baseline and ignore the separate Idaho state requirement.
C
Apply the rule only after the Idaho regulator has already opened an examination.
D
Idaho fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

Why This Is the Correct Answer

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

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