EstatePass
USThard11% of exam

A Massachusetts quality-control review turns on prohibited practices and consumer protection. Which response should be followed?

Correct Answer

A) Massachusetts prohibits directly or indirectly using any scheme, device, or artifice to defraud or mislead borrowers or lenders or to defraud any person.

Massachusetts prohibits directly or indirectly using any scheme, device, or artifice to defraud or mislead borrowers or lenders or to defraud any person.

Answer Options
A
Massachusetts prohibits directly or indirectly using any scheme, device, or artifice to defraud or mislead borrowers or lenders or to defraud any person.
B
Apply the rule only after the Massachusetts regulator has already opened an examination.
C
Skip the Massachusetts requirement because the company already follows general SAFE Act procedures.
D
Treat advertising and consumer-protection controls as optional because the company has a general Massachusetts compliance policy.

Why This Is the Correct Answer

Massachusetts prohibits directly or indirectly using any scheme, device, or artifice to defraud or mislead borrowers or lenders or to defraud any person.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing