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A branch supervisor handling a Kentucky supervisory file review needs the compliant answer for advertising and disclosure controls. What should the reviewer choose?

Correct Answer

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

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

Answer Options
A
Use a verbal explanation instead of the required disclosure, record, or filing.
B
Kentucky fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.
C
Keep only informal notes instead of the required state records or notices.
D
Apply a generic federal shortcut and ignore the state-specific condition.

Why This Is the Correct Answer

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

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