A policy analyst is training staff on anti-steering rules using a company policy update. Which statement is accurate?
Correct Answer
B) Use the safe-harbor option set when relying on it
Anti-steering rules restrict steering consumers to loans that increase compensation without being in the consumer interest. The best answer is "Use the safe-harbor option set when relying on it".
Why This Is the Correct Answer
Anti-steering rules restrict steering consumers to loans that increase compensation without being in the consumer interest. The best answer is "Use the safe-harbor option set when relying on it".
More Origination Questions
A branch manager asks about a loan file because a processor wants to omit known monthly obligations from underwriting. What should happen?
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An MLO is reviewing procedures for a case where the person preparing the valuation would be paid more if the value is higher. What is the proper handling?
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