Not really true.
I suppose it can be said that whereas most other forms of Christianity consider the Bible to be the only book of valid scripture, that we can be said to hold the Bible in lower esteem than other sects do, only because we believe that the canon is not closed, that we have other volumes of scripture aside from the Bible, and that we are led by a living prophet through whom God continues to give us words that are comparable to scripture.
If you look at
main scripture page, you'll see that we list the
Old Testament and the
New Testament there, before the
Book of Mormon, which is then followed by our two other volumes of standard scripture.
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