EthicsQuestion 309 of 400
The Mortgage Acts and Practices Advertising Rule (Regulation N) primarily prohibits:
a.Advertising any mortgage rate at all
b.Advertising only on the internet
c.Charging any origination fee
d.Material misrepresentations in commercial communications about mortgage products
Explanation
Regulation N (MAP Rule) bans material misrepresentations in any commercial communication about the terms of a mortgage credit product. It does not forbid advertising rates or online ads, nor does it prohibit charging a legitimate origination fee.
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