Which law was enacted to protect consumers by requiring clear and truthful advertising in mortgage loans?

The correct choice emphasizes the significance of clear and truthful advertising in the mortgage industry. The Mortgage Acts and Practices Rule (MAP Rule) specifically addresses deceptive advertising practices related to mortgage loans. It is designed to ensure that consumers receive accurate information about loan terms and conditions, helping them make informed decisions.

The MAP Rule was implemented in response to concerns about misleading marketing tactics that could lead consumers to make uninformed financial choices. By promoting transparency in advertising, this rule aims to protect consumers from potential fraud or misinformation that could arise during the mortgage application process.

While the Truth in Lending Act does focus on clear disclosures regarding lending terms and costs, the MAP Rule is specifically tailored to address the advertising practices themselves. Therefore, the MAP Rule is the most relevant answer to the question of protecting consumers through requirements for clear advertising in mortgage loans.