Ethics · 18% of the SAFE exameasy
Correct answer: The APR, if the ad states a specific interest rate
Under Regulation Z (Truth in Lending Act), if a mortgage advertisement states a specific interest rate, it must also clearly disclose the Annual Percentage Rate (APR). The APR gives consumers a more complete picture of the loan's true cost including fees. The MLO's net worth, a full amortization schedule, or competitor rate comparisons are not required disclosure elements under Regulation Z advertising rules.
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