A pre-closing checklist raises a Consumer Communication Ethics question for the MLO. What answer should guide the file?
Correct Answer
C) Call only within permitted local calling hours
Telemarketing rules limit calling times, registry calls, internal do-not-call handling, and consent. The best answer is "Call only within permitted local calling hours".
Why This Is the Correct Answer
Telemarketing rules limit calling times, registry calls, internal do-not-call handling, and consent. The best answer is "Call only within permitted local calling hours".
More Ethics & Fraud Questions
The loan team is resolving Privacy and Confidentiality during a quality-control sample. Which action best fits the rule?
Before the team acts on a branch training session, the loan team must address UDAAP Unfair Deceptive Practices. Which response is most defensible?
Before the loan advances, a sponsorship reviewer must resolve an predatory-lending controls issue in an NMLS filing review. What should happen?
A disclosure specialist compares the file facts with Fraud Detection and Reporting during a new-hire scenario. Which conclusion is accurate?
Before the team acts on a production meeting, the MLO must address professional conduct standard to Borrowers. Which response is most defensible?
A processor compares the file facts with Fraud Detection and Prevention during an underwriting condition review. Which conclusion is accurate?
A risk reviewer is resolving Fair Lending Ethics during a quality-control sample. Which action best fits the rule?
During intake, a title company offers a gift card for each borrower referral. What is the best compliant response?
A compliance review finds that a title company offers a gift card for each borrower referral. What should the MLO do next?
A processor asks how to handle a file where a title company offers a gift card for each borrower referral. Which response is most accurate?
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During a borrower intake review, a licensing coordinator encounters a Fraud Recognition and Reporting issue. Which response should apply the requirement without relying on borrower preference?
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