A loan team is about to close a file involving conflicts of interest and Conflicts of Interest. Which action should occur first?
Correct Answer
D) Remove the financial incentive from the recommendation
conflicts must be disclosed, managed, and kept free of referral compensation or steering incentives. 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 "Remove the financial incentive from the recommendation".
Why This Is the Correct Answer
conflicts must be disclosed, managed, and kept free of referral compensation or steering incentives. 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 "Remove the financial incentive from the recommendation".
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