NMLS Ethics Practice Test Questions

What is the purpose of Fair Lending Laws and Regulations (FDIC)?

A collection of fair-lending laws and regulations for easy reference. A lender acting under the law for the good of their client—never outside it. A lender should act with the highest skill, caution, and critical awareness of risk. A lender discusses client information with competitors.

Correct Answer:

A collection of fair-lending laws and regulations for easy reference.

Explanation:

Correct answer: A collection of fair-lending laws and regulations for easy reference.

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