A mortgage team asks a licensing coordinator about GLBA privacy requirements during a new-license application. Which answer should guide the file?
Correct Answer
C) Share borrower information only with proper authority
Nonpublic personal information must be handled under GLBA privacy limits and notices. The best answer is "Share borrower information only with proper authority".
Why This Is the Correct Answer
Nonpublic personal information must be handled under GLBA privacy limits and notices. The best answer is "Share borrower information only with proper authority".
More Federal Laws Questions
During intake, a borrower sends a written request for information to the servicer-designated address. What is the best compliant response?
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