Sierra Pacific's Advertising Policy Quiz! Trivia

10 Questions | By Patrickpayne | Last updated: Feb 25, 2021 | Total Attempts: 938

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Do you know anything about Sierra Pacific’s advertising policy? Would you be interested in taking this quiz? Sierra Pacific Industries is the second-largest lumber produced in the United States, located in Anderson, California, and sells wood products. One of the leading suppliers of logs and timber in North America, it manages 1. 9 billion acres of land. If you want to learn more about Sierra Pacific Advertising Policy, this quiz may be helpful.

Questions and Answers

1.

All advertising must be approved by the Compliance Department prior to publication?
- A.
  
  True
- B.
  
  False
2.

"Advertising" includes
- A.
  
  Messages in Newspapers, magazines, catalogs
- B.
  
  Radio, video or public address announcements
- C.
  
  Personal contacts with a consumer
- D.
  
  Online messages
- E.
  
  Brochures, leaflets, fliers, handouts, posters
- F.
  
  Communication about an existing account
3.

Communications used for business purposes, such as rate sheets or fliers for brokers and realtors must be compliant with Regulation Z (Truth in Lending Act).
- A.
  
  True
- B.
  
  False
4.

Misleading ads include:
- A.
  
  Misrepresentations about government endorsements
- B.
  
  Implying association with the current lender
- C.
  
  Disclosing the exact terms of the product
- D.
  
  Misleading claims of debt reduction or elimination
- E.
  
  Not fully describing the fixed or variable features of a loan
- F.
  
  Disclosing who is the source of the advertisement
5.

Sierra Pacific allows advertisements in a language other than English, IF the ad is mirrored in English
- A.
  
  True
- B.
  
  False
6.

If the interest rate is stated in the advertisement, which of the following rules need not be applied?
- A.
  
  The APR must be stated
- B.
  
  All "Triggering Terms" under TILA must be stated
- C.
  
  The APR must be in close proximity to the interest rate
- D.
  
  The APR must be of similar size and prominence
7.

Which four of these choices are considered a "trigger term" under TILA?
- A.
  
  Loan Program
- B.
  
  Down payment percentage or amount (credit sales)
- C.
  
  Number of payments or period of repayment
- D.
  
  Payment amount
- E.
  
  Finance charge amount
8.

Generally, all advertisements must contain the following:
- A.
  
  Full company name, including dba's
- B.
  
  Company and Individual NMLS number
- C.
  
  Equal Housing Lender Logo
- D.
  
  Picture of the Loan Officer
- E.
  
  State license(s) information
9.

Disclaimers should be contained in the small print at the bottom of the advertisement.
- A.
  
  True
- B.
  
  False
10.

Why should advertisers be extremely careful in advertising through social media outlets?
- A.
  
  There may be too few characters or space available for all required disclosures
- B.
  
  They may be on the Do Not Call list
- C.
  
  Mixing personal and business messages may be tricky
- D.
  
  Privacy issues may arise