An internal audit flags refinance benefit and repayment-ability review and repayment-ability review. Which response best protects compliance?
Correct Answer
A) Compare costs, term, payment, and risk features
Refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. The best answer is "Compare costs, term, payment, and risk features".
Why This Is the Correct Answer
Refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. The best answer is "Compare costs, term, payment, and risk features".
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