A loan team is about to close a file involving professional conduct and Fair Lending Ethics. Which action should occur first?
Correct Answer
D) Escalate unethical conduct to compliance
professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Escalate unethical conduct to compliance".
Why This Is the Correct Answer
professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Escalate unethical conduct to compliance".
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