In a training scenario, a loan officer wants different terms because of a protected applicant characteristic. What action best follows the rule?
Correct Answer
B) Evaluate the file without prohibited-basis factors
Lines 250-254; 12 CFR 1002.4(a). Credit decisions and treatment must not turn on prohibited-basis factors. Therefore, the correct response is "Evaluate the file without prohibited-basis factors".
Why This Is the Correct Answer
Lines 250-254; 12 CFR 1002.4(a). Credit decisions and treatment must not turn on prohibited-basis factors. Therefore, the correct response is "Evaluate the file without prohibited-basis factors".
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