A branch onboarding review raises a question about Fair Housing Act compliance. Which action should the policy analyst recommend?
Correct Answer
C) Review the policy for unlawful disparate impact
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Review the policy for unlawful disparate impact".
Why This Is the Correct Answer
Mortgage terms and treatment cannot discriminate or redline on protected-class grounds. The best answer is "Review the policy for unlawful disparate impact".
More Federal Laws Questions
During intake, a borrower sends a written request for information to the servicer-designated address. What is the best compliant response?
Parker is training a new MLO on Fair Housing Act compliance Act compliance. Which statement is accurate?
Hayden is training a new MLO on Homeowners Protection Act PMI rules. Which statement is accurate?
Lane receives conflicting instructions about TRID Loan Estimate timing timing. Which instruction should control?
A branch manager asks about a loan file because a compliance analyst asks why covered mortgage application data is collected. What should happen?
Before closing, the team discovers that a compliance analyst asks why covered mortgage application data is collected. What is the safest compliant answer?
During intake, the loan schedule reaches the automatic PMI termination point. What is the best compliant response?
A renewal specialist is reviewing a mortgage file during a disciplinary-risk review. Which statement correctly handles GLBA privacy requirements?
Indigo receives conflicting instructions about BSA / AML Requirements. Which instruction should control?
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