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Under the Mortgage Acts and Practices Advertising Rule (Regulation N), which advertising practice is prohibited?
a.Stating the actual annual percentage rate clearly
b.Misrepresenting that a mortgage product is endorsed or affiliated with a government agency when it is not
c.Listing the lender's NMLS unique identifier
d.Disclosing that rates are subject to change
Giải thích
Regulation N prohibits any material misrepresentation in commercial communications about mortgage credit products, including false claims of government endorsement or affiliation. Truthful statements of the APR, disclosure that rates may change, and listing the NMLS ID are all proper. The rule targets deceptive advertising that could mislead consumers.
Trích dẫn luật: Mortgage Acts and Practices Advertising Rule (Reg N, 12 CFR 1014)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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