Hayden is training a new MLO on lo obligations and Fraud Detection and Prevention. Which statement is accurate?
Correct Answer
B) Avoid steering the borrower to increase compensation
MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. 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 "Avoid steering the borrower to increase compensation".
Why This Is the Correct Answer
MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. 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 "Avoid steering the borrower to increase compensation".
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