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Ethics & Fraudhard18% of exam

During quality control, Elliot finds a file issue involving confidentiality and Gramm-Leach-Bliley Privacy Requirements. Which action is most appropriate?

Correct Answer

D) 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
Use a manager exception instead of the required federal mortgage rule.
B
Treat the requirement as satisfied by experience rather than the rule that governs the file.
C
Apply the rule only after a regulator requests the file.
D
Follow privacy permissions before disclosure

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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