Before the team acts on a branch training session, a licensing coordinator must address Fair Housing Act. Which response is most defensible?
Correct Answer
B) Remove the redlining or disparate-treatment practice
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Remove the redlining or disparate-treatment practice".
Why This Is the Correct Answer
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Remove the redlining or disparate-treatment practice".
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A team member asks about TILA TRID Timing Requirements in a consumer complaint triage while trying to resolve the issue before the file moves forward. Which response should the file reviewer use?
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An MLO is reviewing procedures for a case where a first-lien appraisal is complete before closing. What is the proper handling?