TX State Law Assignment 1 of 2

CASE STUDY

Monica, one of the owners of Liberty Loans, tasks Rich with coming up with some ads to promote new loan products. It’s September and things are a bit slow in the office. So, Monica figures maybe they can get some people in the door with a snappy, low-tech ad campaign – something they could have a kid paper his or her neighborhood with for a few bucks.  

Rich recruits his co-worker Jane to brainstorm some concepts for ads. Since they are starting this project in late September, their main ad revolves around Halloween. Jane has just started dabbling in graphic design, so the flyer is a good way to use what she knows so far. She grabs some themed clip art and mocks up a flyer. 

Rich likes what she has put together – ghosts, spider webs, a witch riding her broom. Pretty standard stuff, but it will get the point across. He suggests a banner across the top that says, “Don’t let the foreclosure haunt you!” He also adds a drawing of a whoosh-type wake behind the witch’s broom with the words, “Bad credit doesn’t scare us!” 

Sure, the flyer won’t win any advertising awards, but Rich and Jane are proud of it.

With the big creative hurdle out of the way, Rich delegates the job of filling in the standard information to Jane. The rest of the flyer is pretty standard stuff: interest rate quote, APR, company address, company’s license number, and a cobwebbed Liberty Loans logo as a final touch. 

Meanwhile, spurred on by his burst of ad-making creativity, Rich decides to design some new business cards for himself. He uses the Liberty Loans logo as a faded watermark across the front of the card, with his name and the office address, phone number, and website address front and center.

Jane brings the finished ad flyer to Rich for approval. Rich looks it over and decides it looks great. He tells Jane to take it down to make some color copies there in the office for immediate use. Rich knows a few real estate agents with open houses coming up that could use the ad right away. 

Coupling the details of the case study we just covered with what you know about the Texas state law from this section of the course, what would you have done differently from Rich and/or Jane? 

Please post your answer in the Comments section below. Students should post directly to the Blog!  If you have any problems posting your assignment to the Blog (due to firewall issues etc.), you may send your answer directly to the instructor via email at oil@mymortgagetrainer.com  

After you complete this assignment, you may continue in your course.

2 comments:

  1. Two things that I noticed were not included in the information provided on the flyer, 1 was the company name and also the individual NMLS #'s for the MLO's.

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  2. I would have included the company name and the company's and the MLO's NMLS # to uniquely identify them.

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