Under advertising rules, which item would most likely trigger additional disclosures when financing is mentioned?

Under advertising rules, which item would most likely trigger additional disclosures when financing is mentioned?

• A. A mention of the monthly payment amount
• B. The property address
• C. The contract price
• D. The borrower's credit score

Answer: (A)

In mortgage advertising, mentioning a payment amount is a trigger for extra disclosures. When an ad states a monthly payment, regulations require you to also reveal the true cost of credit—typically the annual percentage rate (APR), the amount financed, and the loan term (how many years or months the payments cover), plus the total of payments and notes about whether taxes and insurance are included. This helps prevent misinterpretation of affordability and total cost. The other items listed don’t convey the cost or repayment schedule of the loan, so they don’t automatically prompt those additional disclosures. A property address, contract price, or a borrower’s credit score may be relevant context, but they don’t by themselves reveal loan terms or costs.

In mortgage advertising, mentioning a payment amount is a trigger for extra disclosures. When an ad states a monthly payment, regulations require you to also reveal the true cost of credit—typically the annual percentage rate (APR), the amount financed, and the loan term (how many years or months the payments cover), plus the total of payments and notes about whether taxes and insurance are included. This helps prevent misinterpretation of affordability and total cost.

The other items listed don’t convey the cost or repayment schedule of the loan, so they don’t automatically prompt those additional disclosures. A property address, contract price, or a borrower’s credit score may be relevant context, but they don’t by themselves reveal loan terms or costs.