A review analyst prepares a desk guide in Georgia and adds a section on advertising and disclosure controls. Which rule belongs there?
Correct Answer
D) Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage not secured by real property such as a mobile home.
Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage loan not secured by real property such as a mobile home, or a reverse-mortgage related residential mortgage loan.
Why This Is the Correct Answer
Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage not secured by real property such as a mobile home. This is correct because Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage loan not secured by real property such as a mobile home, or a reverse-mortgage related residential mortgage loan.
Why the Other Options Are Wrong
Option A: Answer from the topic label instead of the rule text.
Answer from the topic label instead of the rule text. is not correct because the state rule supports: Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage not secured by real property such as a mobile home.
Option B: Let the file proceed because the company has written procedures.
Let the file proceed because the company has written procedures. is not correct because the state rule supports: Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage not secured by real property such as a mobile home.
Option C: Substitute a training example for the state's required condition.
Substitute a training example for the state's required condition. is not correct because the state rule supports: Georgia Rule 80-11-1 allows required federal disclosures instead of specific Georgia disclosures for a HELOC, a residential mortgage not secured by real property such as a mobile home.
Memory Technique
Georgia: advertising and disclosure controls -> use the exact state rule in the explanation.
Exam Tip
Match the Georgia fact pattern to the specific advertising and disclosure controls rule; do not answer from a generic state or federal assumption.
Common Mistakes to Avoid
- -Treating a Georgia advertising and disclosure controls rule as a generic national mortgage rule
- -Choosing a familiar licensing answer that is not supported by the official authority
- -Ignoring the exact condition stated in the explanation
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