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Ethics & Fraudeasy18% of exam

Before the team acts on a branch training session, an audit analyst must address Privacy and Information Security. Which response is most defensible?

Correct Answer

A) Use secure channels for borrower documents

Borrower information must be protected and shared only with authority. The best answer is "Use secure channels for borrower documents".

Answer Options
A
Use secure channels for borrower documents
B
Use prior PMI cancellation approval as a substitute for the current Privacy and Information Security requirement.
C
Ignore the consumer-protection issue unless the borrower complains.
D
Document the issue later instead of correcting the compliance problem first.

Why This Is the Correct Answer

Borrower information must be protected and shared only with authority. The best answer is "Use secure channels for borrower documents".

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