Mortgage Acts And Practices Advertising Rule
Under the map rules any person engaging in commercial communications regarding mortgage products must retain records records of all materially different communication.
Mortgage acts and practices advertising rule. Final rule and statement of basis and purpose. The mortgage acts and practices advertising rules map rules are designed to prohibit misrepresentations in a commercial communication regarding mortgage products. The map rule sets specific deceptive acts and practices in the advertising of mortgage loan products. Mortgage acts and practices advertising rule.
The interim final rule substantially duplicates the ftc s mortgage acts and practices advertising rule as the bureau s new regulation n 12 cfr part 1014 and the ftc s mortgage assistance relief services rule as the bureau s new regulation o 12 cfr part 1015 making only certain non substantive technical formatting and stylistic changes.