CATEGORY: Compliance Courses

Mortgage Acts and Practices (MAPS) Advertising Compliance

Course Access: Lifetime
Course Overview

Mortgage Acts and Practices (MAPS) Compliance 

Unless you are specifically exempted from FTC oversight anyone subject to MAPS should be aware of this law and its requirements.  The FTC and State authorities can use this weapon to seek civil penalties for anyone caught using deceptive mortgage advertising.  This rule encompasses mortgage lenders, mortgage brokers, servicers, real estate agents, advertisers, brokers, builders, lead generators and more and companies should be certain their staff are appropriately trained on the rules to avoid penalties and/or fines.

This 17-minute course will highlight key components of the Mortgage Acts and Practices Act, also known
as Regulation N. This course will also introduce you to the purpose of this law, as well as provide
examples of what may constitute a potential violation, in order to help mortgage professionals
avoid potential fines and penalties when advertising. Topics covered Include:

  • The History of & Need for Regulation N;
  • Key Terms;
  • Prohibited Representations;
  • Recordkeeping Requirements; and
  • Identifying Potential Violations;