Đạo đứcCâu 324 / 400
A lender's staff routinely offers subprime products to equally qualified minority applicants while offering prime products to non-minority applicants. This pattern is best described as:
a.Acceptable risk-based pricing
b.Illegal steering / disparate treatment in loan products
c.A privacy violation
d.A RESPA Section 8 kickback
Giải thích
Channeling equally qualified minority borrowers into worse (subprime) products based on a protected class is illegal steering and disparate treatment under fair-lending law. It is not legitimate risk-based pricing when the applicants are equally qualified, and it is neither a privacy issue nor a RESPA kickback.
Trích dẫn luật: Fair lending / steeringLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A loan officer discovers that a coworker is knowingly submitting falsified bank statements for clients. The most ethical and appropriate response is to:
- A buyer and seller agree that the seller will secretly lend the buyer the down payment through an undisclosed second loan, hidden from the primary lender. This is:
- Under ECOA/Regulation B, a lender may ask an applicant's marital status:
- An originator tells a borrower 'you must sign today or lose this rate forever,' knowing the same rate will be available tomorrow. This pressure tactic is best characterized as:
- An applicant who uses a wheelchair is told the lender 'doesn't really do loans for people who can't work full-time,' though the applicant has ample verified disability and investment income. This likely violates the Fair Housing Act and ECOA by discriminating on the basis of:
- Which arrangement would MOST likely violate the Loan Originator Compensation Rule?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra