NMLS Ethics Practice Test Questions

What is the duty of care in fiduciary duty?

A lender promises a good interest rate but, without reason, gives a different one. To make sound judgments of the best options for clients and protect their interests. A lender should act with the highest skill, caution, and critical awareness of risk. All of the above.

Correct Answer:

To make sound judgments of the best options for clients and protect their interests.

Explanation:

Correct answer: To make sound judgments of the best options for clients and protect their interests.

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