Ethics, Fraud & Consumer Protection

The loan team is resolving Privacy and Confidentiality during a quality-control sample. Which action best fits the rule?

Before the team acts on a branch training session, the loan team must address UDAAP Unfair Deceptive Practices. Which response is most defensible?

Before the loan advances, a sponsorship reviewer must resolve an predatory-lending controls issue in an NMLS filing review. What should happen?

A disclosure specialist compares the file facts with Fraud Detection and Reporting during a new-hire scenario. Which conclusion is accurate?

Before the team acts on a production meeting, the MLO must address professional conduct standard to Borrowers. Which response is most defensible?

A processor compares the file facts with Fraud Detection and Prevention during an underwriting condition review. Which conclusion is accurate?

A risk reviewer is resolving Fair Lending Ethics during a quality-control sample. Which action best fits 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?

A borrower-facing employee is unsure what to do when a title company offers a gift card for each borrower referral. What is the correct response?

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

An MLO is reviewing procedures for a case where a title company offers a gift card for each borrower referral. What is the proper handling?

During intake, a settlement provider asks to be paid for a task it did not actually perform. What is the best compliant response?

A compliance review finds that a settlement provider asks to be paid for a task it did not actually perform. What should the MLO do next?

A processor asks how to handle a file where a settlement provider asks to be paid for a task it did not actually perform. Which response is most accurate?

In a training scenario, a settlement provider asks to be paid for a task it did not actually perform. What action best follows the rule?

A branch manager asks about a loan file because a settlement provider asks to be paid for a task it did not actually perform. What should happen?

Before closing, the team discovers that a settlement provider asks to be paid for a task it did not actually perform. What is the safest compliant answer?

An MLO is reviewing procedures for a case where a settlement provider asks to be paid for a task it did not actually perform. What is the proper handling?

A quality-control reviewer flags a case because a settlement provider asks to be paid for a task it did not actually perform. What correction is appropriate?

During intake, an MLO refers a borrower to an affiliated title agency. What is the best compliant response?

A compliance review finds that an MLO refers a borrower to an affiliated title agency. What should the MLO do next?

A branch manager asks about a loan file because an MLO refers a borrower to an affiliated title agency. What should happen?

Before closing, the team discovers that an MLO refers a borrower to an affiliated title agency. What is the safest compliant answer?

A borrower-facing employee is unsure what to do when an MLO refers a borrower to an affiliated title agency. What is the correct response?

In a mortgage origination file, an MLO refers a borrower to an affiliated title agency. Which action should be taken?

During intake, a loan officer wants different terms because of a protected applicant characteristic. What is the best compliant response?

A compliance review finds that a loan officer wants different terms because of a protected applicant characteristic. What should the MLO do next?

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?

Before closing, the team discovers that a loan officer wants different terms because of a protected applicant characteristic. What is the safest compliant answer?

A borrower-facing employee is unsure what to do when a loan officer wants different terms because of a protected applicant characteristic. What is the correct response?

In a mortgage origination file, a loan officer wants different terms because of a protected applicant characteristic. Which action should be taken?

An MLO is reviewing procedures for a case where a loan officer wants different terms because of a protected applicant characteristic. What is the proper handling?

A quality-control reviewer flags a case because a loan officer wants different terms because of a protected applicant characteristic. What correction is appropriate?

During intake, marketing proposes a rate the company is not prepared to offer. What is the best compliant response?

A branch manager asks about a loan file because marketing proposes a rate the company is not prepared to offer. What should happen?

Before closing, the team discovers that marketing proposes a rate the company is not prepared to offer. What is the safest compliant answer?

A borrower-facing employee is unsure what to do when marketing proposes a rate the company is not prepared to offer. What is the correct response?

In a mortgage origination file, marketing proposes a rate the company is not prepared to offer. Which action should be taken?

A compliance review finds that an ad shows an interest rate but omits the APR presentation. What should the MLO do next?

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?

Before closing, the team discovers that an ad shows an interest rate but omits the APR presentation. What is the safest compliant answer?

A borrower-facing employee is unsure what to do when an ad shows an interest rate but omits the APR presentation. What is the correct response?

In a mortgage origination file, an ad shows an interest rate but omits the APR presentation. Which action should be taken?

A compliance review finds that an outside party asks for borrower bank statements without a permissible basis. What should the MLO do next?

A processor asks how to handle a file where an outside party asks for borrower bank statements without a permissible basis. Which response is most accurate?

A branch manager asks about a loan file because an outside party asks for borrower bank statements without a permissible basis. What should happen?