A loan team is about to close a file involving fair lending enforcement and Fair Housing Act. Which action should occur first?
Correct Answer
C) Review the policy for unlawful disparate impact
fair-lending review looks for discriminatory treatment, disparate impact, and redlining risks. 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 "Review the policy for unlawful disparate impact".
Why This Is the Correct Answer
fair-lending review looks for discriminatory treatment, disparate impact, and redlining risks. 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 "Review the policy for unlawful disparate impact".
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