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A mortgage company asks a sponsorship reviewer to validate a Texas company policy update involving advertising and consumer-protection controls. Which statement is reliable?

Correct Answer

A) Texas high-cost home-loan and covered home-loan protections restrict certain abusive terms, charges, loan flipping, and deceptive practices in consumer mortgage transactions.

Texas high-cost home-loan and covered home-loan protections restrict certain abusive terms, charges, loan flipping, and deceptive practices in consumer mortgage transactions.

Answer Options
A
Texas high-cost home-loan and covered home-loan protections restrict certain abusive terms, charges, loan flipping, and deceptive practices in consumer mortgage transactions.
B
Apply the rule only after the Texas regulator has already opened an examination.
C
Skip the Texas requirement because the company already follows general SAFE Act procedures.
D
Treat sponsorship and employment status as optional because the company has a general Texas compliance policy.

Why This Is the Correct Answer

Texas high-cost home-loan and covered home-loan protections restrict certain abusive terms, charges, loan flipping, and deceptive practices in consumer mortgage transactions.

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