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Parker is training a new MLO on Fair Housing Act compliance Act compliance. Which statement is accurate?

Correct Answer

A) Treat similarly qualified applicants consistently

Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Treat similarly qualified applicants consistently".

Answer Options
A
Treat similarly qualified applicants consistently
B
Use an internal exception instead of the required federal disclosure or timing rule.
C
Wait until a regulator asks for the file before applying the federal requirement.
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Treat similarly qualified applicants consistently".

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