EstatePass
Ethics & Fraudhard18% of exam

A mortgage file is paused during a secondary-market screen because of Privacy Protection Requirements. Which answer should apply the requirement without relying on borrower preference?

Correct Answer

B) Follow privacy permissions before disclosure

Borrower information must be protected and shared only with authority. The best answer is "Follow privacy permissions before disclosure".

Answer Options
A
Continue the activity because the borrower appears willing to proceed.
B
Follow privacy permissions before disclosure
C
Ignore the consumer-protection issue unless the borrower complains.
D
Document the issue later instead of correcting the compliance problem first.

Why This Is the Correct Answer

Borrower information must be protected and shared only with authority. The best answer is "Follow privacy permissions before disclosure".

Was this explanation helpful?

More Ethics & Fraud Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing