Parker is training a new MLO on fair lending enforcement and Fair Housing Act — Disparate Impact. Which statement is accurate?

In a mortgage origination file, a title company offers a gift card for each borrower referral. Which action should be taken?

A processor asks how to handle a file where a loan officer wants different terms because of a protected applicant characteristic. Which response is most accurate?

In a training scenario, a loan officer wants different terms because of a protected applicant characteristic. What action best follows the rule?

A branch manager asks about a loan file because a loan officer wants different terms because of a protected applicant characteristic. What should happen?

A processor asks how to handle a file where an ad shows an interest rate but omits the APR presentation. Which response is most accurate?

In a training scenario, an ad shows an interest rate but omits the APR presentation. What action best follows the rule?

During intake, a title company offers a gift card for each borrower referral. What is the best compliant response?

A compliance review finds that a title company offers a gift card for each borrower referral. What should the MLO do next?

A processor asks how to handle a file where a title company offers a gift card for each borrower referral. Which response is most accurate?

In a training scenario, a title company offers a gift card for each borrower referral. What action best follows the rule?