Before the loan advances, a training manager must resolve a Fair Housing Act compliance issue in an MLO sponsorship update. What should happen?
Correct Answer
D) Apply neutral standards without protected-class discrimination
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Apply neutral standards without protected-class discrimination".
Why This Is the Correct Answer
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Apply neutral standards without protected-class discrimination".
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A mortgage file is paused during a policy refresh meeting because of SCRA Military Protections. Which answer should match the file facts to the correct rule?
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