Also running into this, when creating the form we aren't manually doing any html, just using the editor in the custom form creator (which provides the same functionality as in tickets), so if we use this to create a list or even press enter to add a new line this all gets converted to html it seems without us having any say, but then gets rendered with the html showing so I would think this is a bug as if it was only meant to show only raw text then the custom form editor shouldn't allow any formating like it does currently.