Question

Which of the following scenarios would not be considered an unfair, deceptive, or abusive act or practice?

A. Brenda tells consumers about a mortgage product with a low interest rate but withholds information about the prepayment penalties.
B. Carter makes certain that he discloses all available loan product options up front so that consumers can choose based on their needs.
C. Martha offers delinquent consumers one collection option, which is most advantageous to her compensation.
D. Todd advertises a mortgage product that offers an introductory rate in which most of the targeted consumers cannot qualify.

Answer 1

Scenario B, where Carter discloses all available loan product options, would not be considered unfair, deceptive, or abusive.

Step-by-step explanation:

Out of the given scenarios, the one that would not be considered an unfair, deceptive, or abusive act or practice is B. Carter making sure to disclose all available loan product options up front so that consumers can choose based on their needs. This scenario is considered fair and transparent because it provides consumers with the necessary information to make informed decisions.