Finley is training a new MLO on confidentiality and Privacy Protection Requirements. Which statement is accurate?
Correct Answer
B) Follow privacy permissions before disclosure
borrower information must be protected and shared only with authority. 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 "Follow privacy permissions before disclosure".
Why This Is the Correct Answer
borrower information must be protected and shared only with authority. 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 "Follow privacy permissions before disclosure".
More Ethics & Fraud Questions
In a mortgage origination file, a title company offers a gift card for each borrower referral. Which action should be taken?
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In a training scenario, a loan officer wants different terms because of a protected applicant characteristic. What action best follows the rule?
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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?
In a training scenario, a title company offers a gift card for each borrower referral. What action best follows the rule?
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