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Ethics & Fraudeasy18% of exam

Before the file moves forward, Jamie must resolve an issue involving professional conduct and professional conduct standard. What should happen?

Correct Answer

B) 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
Use a manager exception instead of the required federal mortgage rule.
B
Protect borrower information and act honestly
C
Treat the requirement as satisfied by experience rather than the rule that governs the file.
D
Apply the rule only after a regulator requests 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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