An advertising approval raises a question about fair-lending controls. Which action should the branch supervisor recommend?
Correct Answer
A) Do not discourage applicants on a prohibited basis
Fair lending requires equal treatment and credit-related standards without prohibited-basis discrimination. The best answer is "Do not discourage applicants on a prohibited basis".
Why This Is the Correct Answer
Fair lending requires equal treatment and credit-related standards without prohibited-basis discrimination. The best answer is "Do not discourage applicants on a prohibited basis".
More Ethics & Fraud Questions
A mortgage team asks a branch supervisor about fraud red flags during a mortgage operations checklist. Which answer should guide the file?
Before the file moves forward, Gray must resolve an issue involving borrower privacy and confidentiality. What should happen?
An internal audit flags fair-lending enforcement risk. Which response best protects compliance?
A loan team is about to close a file involving conflicts of interest. Which action should occur first?
A training manager is reviewing a mortgage file during a state-law refresher. Which statement correctly handles predatory-lending controls?
A policy analyst is reviewing a mortgage file during a training scenario. Which statement correctly handles mortgage-fraud types?
During quality control, Noel finds a file issue involving conflicts of interest. Which action is most appropriate?
Morgan notices a compliance issue tied to telemarketing and do-not-call controls. What is the best next step?
During intake, a title company offers a gift card for each borrower referral. What is the best compliant response?
A borrower scenario raises a question about fraud red flags. Which answer should Emery rely on?
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