EthicsQuestion 343 of 400
The main purpose of the Loan Originator Compensation Rule is to:
a.Guarantee originators a minimum commission
b.Prevent originators from being incentivized to sell consumers worse loan terms
c.Require all loans to be fixed-rate
d.Set a national maximum interest rate
Explanation
The rule exists to remove incentives that would lead originators to push consumers into worse terms for higher pay. It does not guarantee a minimum commission, mandate fixed-rate loans, or impose a national rate cap.
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