NMLS Uniform State Test (UST) 2025 – 400 Free Practice Questions to Pass the Mortgage Exam

The primary aim of implementing the anti-steering rule under the Dodd-Frank Act is to ensure that borrowers receive favorable financial products. This regulation is designed to prevent mortgage originators from steering borrowers towards specific loan products that may not be in their best interest, typically because the originator would receive a higher compensation for those loans. By encouraging transparency and fairness in lending practices, the rule aims to promote better outcomes for borrowers, ensuring they are presented with a range of options that suit their financial needs and circumstances. This helps foster trust in the lending process and guides consumers towards products that are genuinely beneficial for them.