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During a Tennessee consumer complaint response, a state compliance officer must resolve a question about advertising and consumer-protection controls. Which statement should control?

Correct Answer

D) Tennessee Chapter 0180-17 includes notice of mortgage transfer requirements for mortgage lending, loan servicing, and loan brokering.

Tennessee Chapter 0180-17 includes notice of mortgage transfer requirements for mortgage lending, loan servicing, and loan brokering.

Answer Options
A
Assume the Tennessee requirement does not apply to this remote-work procedure.
B
Treat branch, office, and remote-work controls as satisfied by borrower consent alone.
C
Delay the Tennessee requirement until after the loan closes or the renewal period ends.
D
Tennessee Chapter 0180-17 includes notice of mortgage transfer requirements for mortgage lending, loan servicing, and loan brokering.

Why This Is the Correct Answer

Tennessee Chapter 0180-17 includes notice of mortgage transfer requirements for mortgage lending, loan servicing, and loan brokering.

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