Final answer:
The MAP Rule requires that records of commercial communications about mortgage credit products must be kept for at least 24 months to ensure compliance with advertising standards in the mortgage industry.
Step-by-step explanation:
The MAP Rule stands for Mortgage Acts and Practices - Advertising Rule, which is enforced by the Consumer Financial Protection Bureau (CFPB). Under the MAP Rule, entities are required to keep records of all commercial communications regarding mortgage credit products for a specific period of time. This rule is designed to prevent deceptive and misleading advertising practices in the marketing of mortgage products.
Answering your question, the MAP Rule necessitates that all records of commercial communications about mortgage credit products must be kept for at least 24 months, option B. These records include, but are not limited to, copies of the communications themselves, information about the recipients of those communications, and the dates and methods of delivery. This ensures accountability and compliance with advertising standards in the mortgage industry.