Challenge Your Exam Readiness With Our Free Loan Officer Practice Questions

Question # 12

A loan officer guarantees loan approval to a borrower before underwriting review. This is:

Options:

A.

Ethical if the borrower has good credit.

B.

A violation of fair lending laws.

C.

Misrepresentation and unethical.

D.

Acceptable in competitive markets.

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Loan Officer Overview

Name Loan Officer
Code Loan Officer
Vendor Finance, Insurance and Real Est
Certification State Licensing Boards

Loan Officer Questions