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A new hire will work on Oklahoma mortgage files involving advertising and consumer-protection controls. Which rule should the supervisor emphasize?

Correct Answer

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

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

Answer Options
A
Let production staff decide whether advertising and consumer-protection controls matters for the file.
B
Oklahoma fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.
C
Skip documentation because the record-retention audit appears routine.
D
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.

Why This Is the Correct Answer

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

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