Finley is training a new MLO on confidentiality and Privacy and Information Security. Which statement is accurate?
Correct Answer
A) 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".
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During quality control, Noel finds a file issue involving sar reporting and BSA Suspicious Activity Reporting. Which action is most appropriate?
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A borrower-facing employee is unsure what to do when a loan officer wants different terms because of a protected applicant characteristic. What is the correct response?