EstatePass
Ethics & Fraudeasy18% of exam

A borrower scenario raises a question about confidentiality and GLBA Privacy Requirements. Which answer should Oakley rely on?

Correct Answer

A) Use secure channels for borrower documents

borrower information must be protected and shared only with authority. 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 "Use secure channels for borrower documents".

Answer Options
A
Use secure channels for borrower documents
B
Use a manager exception instead of the required federal mortgage rule.
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

borrower information must be protected and shared only with authority. 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 "Use secure channels for borrower documents".

Was this explanation helpful?

More Ethics & Fraud Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing