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A lender wants to keep records of its mortgage advertisements to comply with Regulation N. Which practice best supports compliance?
a.Deleting ads immediately after they run
b.Relying only on verbal approval of ad copy
c.Retaining copies of commercial communications and materially different versions for the required period
d.Advertising only rates that are lower than actually offered
Giải thích
Regulation N includes recordkeeping requirements directing covered persons to retain copies of materially different commercial communications, sales scripts, and related materials regarding mortgage credit products for a set period (generally 24 months). Good recordkeeping demonstrates that advertisements were not deceptive. Deleting ads or advertising unavailable rates undermines compliance.
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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