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In a closing-readiness check, a closing coordinator sees facts tied to Fair Dealing Principles. What should the file reflect?

Correct Answer

D) Give objective information without compensation bias

MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. The best answer is "Give objective information without compensation bias".

Answer Options
A
Accept terms the borrower prefers even if required disclosures are incomplete.
B
Recommend a product before resolving facts needed to evaluate compliance.
C
Skip documented follow-up because the borrower says the file is urgent.
D
Give objective information without compensation bias

Why This Is the Correct Answer

MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. The best answer is "Give objective information without compensation bias".

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