Đạo đứcCâu 309 / 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
Giải thích
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.
Trích dẫn luật: Mortgage Acts and Practices / Regulation NLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Loan Originator Compensation Rule, a loan originator's compensation on a closed-end mortgage may NOT be based on:
- A loan officer directs a well-qualified borrower into a higher-rate loan solely because it pays the officer a larger commission. This prohibited practice is known as:
- On a single transaction, a loan originator generally may receive compensation from:
- An ad promotes a '2.99% mortgage' in large print, but that rate is available to almost no one and is not honored when consumers apply. This is a classic example of:
- Which of the following mortgage advertising claims is most likely to be a prohibited misrepresentation under Regulation N?
- Repeatedly refinancing a borrower's loan primarily to generate new fees, with little or no net benefit to the borrower, is a predatory practice known as:
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