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A compliance review finds that a loan officer wants different terms because of a protected applicant characteristic. What should the MLO do next?

Correct Answer

D) Evaluate the file without prohibited-basis factors

Lines 250-254; 12 CFR 1002.4(a). Credit decisions and treatment must not turn on prohibited-basis factors. Therefore, the correct response is "Evaluate the file without prohibited-basis factors".

Answer Options
A
Treat the compliance requirement as optional because closing is near.
B
Continue processing without correcting the disclosure, licensing, compensation, or consumer-protection issue.
C
Ignore the issue if the borrower orally agrees to continue.
D
Evaluate the file without prohibited-basis factors

Why This Is the Correct Answer

Lines 250-254; 12 CFR 1002.4(a). Credit decisions and treatment must not turn on prohibited-basis factors. Therefore, the correct response is "Evaluate the file without prohibited-basis factors".

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