EstatePass
Ethics & Fraudhard18% of exam

A loan team is about to close a file involving confidentiality and Privacy and Data Protection. Which action should occur first?

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".

Answer Options
A
Follow privacy permissions before disclosure
B
Ignore the issue if the borrower orally agrees to continue.
C
Proceed based only on borrower preference and document the file later.
D
Rely on sales practice rather than required verification, disclosure, or documentation.

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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