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Ethics & Fraudeasy18% of exam

Before the file moves forward, Quinn must resolve an issue involving professional conduct and Fraud Prevention and Detection. What should happen?

Correct Answer

A) Protect borrower information and act honestly

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. 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 "Protect borrower information and act honestly".

Answer Options
A
Protect borrower information and act honestly
B
Rely on sales practice rather than required verification, disclosure, or documentation.
C
Use a manager exception instead of the required federal mortgage rule.
D
Treat the requirement as satisfied by experience rather than the rule that governs the file.

Why This Is the Correct Answer

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. 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 "Protect borrower information and act honestly".

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