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Ethics & Fraudeasy18% of exam

Before the file moves forward, Gray must resolve an issue involving confidentiality and Privacy and Confidentiality. What should happen?

Correct Answer

B) 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
Rely on sales practice rather than required verification, disclosure, or documentation.
B
Use secure channels for borrower documents
C
Use a manager exception instead of the required federal mortgage rule.
D
Treat the requirement as satisfied by experience rather than the rule that governs 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".

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