A loan team is about to close a file involving fair lending enforcement and ECOA — Fair Lending. Which action should occur first?
Correct Answer
B) Apply fair-lending controls consistently
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 "Apply fair-lending controls consistently".
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 "Apply fair-lending controls consistently".
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