Which of the following actions should a mortgage loan originator take after discovering that a borrower has financed an automobile from a dealership that does not report loans to credit reporting agencies? A)Advise the borrower that there is no need to list the obligation on the loan application because the B) obligation is not shown on the borrower's credit report B) Advise the borrower to contact the dealership and request a letter stating that the loan is paid in full D) Advise the borrower to include the obligation on the loan application (D O Wait for the mortgage loan underwriter to discover the obligation (

Which of the following actions should a mortgage loan originator take after discovering that a borrower has financed an automobile from a dealership that does not report loans to credit reporting agencies? A)Advise the borrower that there is no need to list the obligation on the loan application because the B) obligation is not shown on the borrower's credit report B) Advise the borrower to contact the dealership and request a letter stating that the loan is paid in full D) Advise the borrower to include the obligation on the loan application (D O Wait for the mortgage loan underwriter to discover the obligation (

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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82 Upon receipt of commission earned from a closed purchase loan, the mortgage loan originator sends the realtor a bottle of wine and a gift card to a local restaurant which of the the following regulations does this action violate? A) Violation of the Fair Housing Act B) Violation of the Truth in Lending Act (TILA) C) Violation of the Equal Credit Opportunity Act (ECOA) D) Violation of the Real Estate Settlement Procedures Act (RESPA)
45 which of the following actions should a mortgage loan originator take when discovering that a borrower's application lists debt that is not showing on the borrower's credit report? A)obtain a new credit report B mark the undisclosed debt as a cosigned debt C) Disregard the debt as the debt is not shown on the credit report D) Accept the existence of the debt listed on the application and document accordingly
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