Federal Mortgage LawsQuestion 49 of 400
Under Regulation N (Mortgage Acts and Practices Advertising Rule), which of the following mortgage advertising claims would be prohibited?
a.Stating an accurate APR with required disclosures
b.Noting that rates are subject to change
c.Falsely implying the ad is from or affiliated with a government agency
d.Providing the lender's licensing information
Explanation
Regulation N (the MAP Rule) prohibits material misrepresentations in mortgage advertising, including falsely suggesting government affiliation or endorsement. Accurately stating the APR, noting rates may change, and providing licensing information are truthful and permitted. The rule targets deceptive claims that mislead consumers about mortgage products.
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