Which of the following practices is acceptable under North Carolina mortgage lending regulations?

Providing transparent loan terms to borrowers is an essential practice under North Carolina mortgage lending regulations. Transparency ensures that borrowers fully understand the terms and conditions associated with their mortgage. This includes clear communication about interest rates, fees, and other costs associated with the loan, which helps borrowers make informed decisions.

In the context of mortgage lending, transparency fosters trust between lenders and borrowers, allowing borrowers to compare different offers, understand their obligations, and be aware of any potential pitfalls associated with their loan. Regulatory bodies emphasize the importance of clear and accurate disclosures to protect consumers from misleading practices and ensure a fair lending environment.

The emphasis on providing transparent loan terms aligns with the broader goal of fair lending practices, which prioritize the well-being and understanding of borrowers in the mortgage process.