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A loan file reviewer documents a South Carolina mortgage operations checklist and needs one rule for branch, office, and remote-work controls. Which statement belongs in the file?

Correct Answer

A) All South Carolina mortgage-loan advertisements must comply with TILA and the South Carolina Consumer Protection Code.

All South Carolina mortgage-loan advertisements must comply with TILA and the South Carolina Consumer Protection Code.

Answer Options
A
All South Carolina mortgage-loan advertisements must comply with TILA and the South Carolina Consumer Protection Code.
B
Use another jurisdiction's approval as a substitute for the South Carolina requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the South Carolina requirement.

Why This Is the Correct Answer

All South Carolina mortgage-loan advertisements must comply with TILA and the South Carolina Consumer Protection Code.

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