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A compliance analyst is reviewing Mississippi source material on advertising and consumer-protection controls. Which statement should be retained?

Correct Answer

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

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

Answer Options
A
Treat advertising and consumer-protection controls as satisfied by borrower consent alone.
B
Delay the Mississippi requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Mississippi 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

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

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