The loan team compares the file facts with Fair Housing Act during a new-hire scenario. Which conclusion is accurate?
Correct Answer
D) Apply neutral standards without protected-class discrimination
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Apply neutral standards without protected-class discrimination".
Why This Is the Correct Answer
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Apply neutral standards without protected-class discrimination".
More Federal Laws Questions
A mortgage team asks a branch supervisor about TILA APR and finance-charge rules during a renewal checklist. Which answer should guide the file?
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A disciplinary-risk review raises a question about TILA APR and finance-charge rules. Which action should the renewal specialist recommend?
Before the loan advances, a quality-control reviewer must resolve a ATR/QM repayment-ability rules issue in a supervisory file review. What should happen?
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