According to the act, what is expected from licensees regarding interactions with borrowers?

The expectation from licensees regarding interactions with borrowers, as outlined in the New Jersey Residential Mortgage Lending Act, is to provide clear and honest information. This requirement emphasizes the importance of transparency and ethical conduct in the mortgage lending process. It ensures that borrowers are well-informed about the terms, fees, and risks associated with their loans, fostering trust and helping them make informed decisions. This principle is fundamental for maintaining integrity in the mortgage lending industry and protecting consumers from potential pitfalls associated with misunderstandings or misinformation.

The other options suggest practices that are not aligned with the spirit of the Act. Aggressive marketing can lead to pressure tactics that compromise a borrower's ability to make well-considered choices. Prioritizing speed over accuracy undermines the necessity for thoroughness and can result in significant errors that adversely affect the borrower. Encouraging high-risk loans runs counter to responsible lending practices that aim to safeguard borrowers' financial well-being. In all, the act emphasizes providing borrowers with honest, straightforward information as a cornerstone of ethical and responsible lending.