Which of the following statements would be a violation of the licensing requirements?

Claiming “immediate closing” of loans constitutes a violation of the licensing requirements because it can be misleading and may not accurately represent the actual timelines associated with loan processing and closing. Licensing regulations are designed to ensure that lenders provide truthful and transparent information to consumers. Misrepresenting the closing timeline can create unrealistic expectations for borrowers and may lead to potential legal ramifications for the lender.

The other options, such as adequately discussing loan terms, providing information on various mortgage products, and discussing potential interest rate changes, are all practices that fall within the scope of a mortgage lender’s duties and responsibilities. They contribute to informed decision-making for clients and are part of ethical lending practices as outlined in licensing regulations.