"How the Mortgage Acts & Practices" Rules Affect Real Estate Agents & Builders
The Mortgage Acts & Practices Rules are in effect as of August 19, 2011.
When you run an ad, or even mention mortgage terms, you must not only comply with Reg Z rules, you must comply with these, too.
First of all, here are the types of advertising/marketing that are outlined in the Act. The Fed’s call it "commercial communications" and it means…
Any written or oral statement
Illustrations such as charts and graphs
English or any other language
Free standing inserts
…anything else considered "commercial communication"