Mortgage Acts and Practices (MAPS) Advertising Compliance Course

This 17-minute course is designed to provide mortgage professionals with a clear understanding of the Mortgage Acts and Practices – Advertising Rule (Regulation N) and its requirements. Participants will learn about the scope of the rule, which applies to mortgage lenders, brokers, servicers, real estate agents, and other related entities, and will be introduced to key components of MAPS to avoid deceptive mortgage advertising. Through examples of potential violations, this course aims to help mortgage professionals comply with the law and avoid fines or penalties related to misleading or deceptive advertising practices. Topics covered Include:

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