3933732
Description
Mind Map by andrea.browne, updated more than 1 year ago
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Created by andrea.browne
over 8 years ago
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MAP Rule/ Reg N
- Mortgage Acts and Practices Rule
- Prohibits the mirsrepresentaion of terms related to "mortgage credit products"
- Prohibits the mirsrepresentaion of terms related to "mortgage credit products"
- 19 common mortgage adcertising misrepresentations
- MIsrepresentations of interest charged for a mortgage product
- Misrepresentations fo APR, simple annual rate, period rate, or any
other rate, including payment rat
- Misrepresentations about prepayment penalties
- Misleading terms concerning the cariability of interest, payments, or other terms
- Misleading claims of the type of mortgage credit porduct is offered
- Misrepresentations of the potential for default
- Misrepresentations fo the right to reside in the subject dwelling
- Misrepresentations about the existence, nature or amount of fees or costs
associated with any mortgage credit product
- Misrepresentations about taxes or insurance associated with a mortgage credit product
- Misrepresentation about the consumer's ability to obtain any mortgage product or term
- Misrepresentations of the consumer's ability to refinance or modify and mortgage product
- Misrepresentations of the consumer's ability to refinance or modify and mortgage product
- Misrepresentation about the consumer's ability to obtain any mortgage product or term
- Misrepresentations about taxes or insurance associated with a mortgage credit product
- Misrepresentations about the existence, nature or amount of fees or costs
associated with any mortgage credit product
- Misrepresentations fo the right to reside in the subject dwelling
- Misrepresentations of the potential for default
- Misleading claims of the type of mortgage credit porduct is offered
- Misleading terms concerning the cariability of interest, payments, or other terms
- Misrepresentations about prepayment penalties
- Misrepresentations fo APR, simple annual rate, period rate, or any
other rate, including payment rat
- Misleading comparison between rates or payments
- false claims of the amount of the obligation, or regarding the existence, nature, or amount
of cash or credit the consumer would receive from the loan
- misleading claims concerning the existence, number, amount, or timing of any minimum or required payments
- Misleading claims about the effectiveness of a product in helping consumers resolve problems paying debts
- False claims about the terms associated with additional products or features sold along with the mortgage credit product
- misrepresenting the association between the mortgage credit product or provider and any other person or program
- False claims of the source of commercial communications
- Misrepresentation of the availability, nature, or substance of counseling services or any other expert advice offered to the consumer
- Misrepresentation of the availability, nature, or substance of counseling services or any other expert advice offered to the consumer
- False claims of the source of commercial communications
- misrepresenting the association between the mortgage credit product or provider and any other person or program
- False claims about the terms associated with additional products or features sold along with the mortgage credit product
- Misleading claims about the effectiveness of a product in helping consumers resolve problems paying debts
- misleading claims concerning the existence, number, amount, or timing of any minimum or required payments
- false claims of the amount of the obligation, or regarding the existence, nature, or amount
of cash or credit the consumer would receive from the loan
- MIsrepresentations of interest charged for a mortgage product
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