A Washington state compliance officer reviews a renewal calendar about Washington prohibits charging discount points not actually before submission. What result is compliant?
Correct Answer
C) Washington prohibits charging discount points that do not actually reduce the interest rate and prohibits misrepresenting a principal-and-interest-only payment as including taxes and insurance.
Washington prohibits charging discount points that do not actually reduce the interest rate and prohibits misrepresenting a principal-and-interest-only payment as including taxes and insurance.
Why This Is the Correct Answer
Washington prohibits charging discount points that do not actually reduce the interest rate and prohibits misrepresenting a principal-and-interest-only payment as including taxes and insurance.
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