ARM Disclosures Must Be Made at the Time an Application

question 21

True/False

ARM disclosures must be made at the time an application form is provided to a consumer or before the consumer pays a nonrefundable fee for the loan, whichever is earlier.

---

Definitions:

Emotional Health

A component of mental health that involves the ability to manage and express emotions effectively, and the capacity to form secure interpersonal relationships.

Social Media

Online platforms and applications where users can create, share, or exchange information, ideas, pictures, videos, and messages with others in virtual communities and networks.

Youth Risk Behavior Survey

A national survey conducted by the Centers for Disease Control and Prevention (CDC) to monitor health-risk behaviors among youth and young adults related to the leading causes of death and disability.

Sexually Active

Engaging in sexual activities or behaviors with others.