In a mortgage compliance review, a compliance lead must document examination and enforcement. Which action is safest?
Correct Answer
A) Check whether the borrower and property meet USDA eligibility
USDA Section 502 guaranteed loans require eligible rural property, income eligibility, primary residence use, and lender approval. The best answer is "Check whether the borrower and property meet USDA eligibility".
Why This Is the Correct Answer
USDA Section 502 guaranteed loans require eligible rural property, income eligibility, primary residence use, and lender approval. The best answer is "Check whether the borrower and property meet USDA eligibility".
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