One way to safe harbor against steering is to:
A. Offer the customer several different mortgage loan options
B. Have the customer sign a statement attesting that they were not coerced into choosing a particular product or loan program
C. Ensure that the customer receives all of any applicable above-par pricing credit
D. Provide each customer with three specific options for the loan they’re considering - one with the highest rate at the lowest cost, one at par pricing, and one with the lowest rate at the highest cost
Answer:D
One way to safe harbor against steering is to:
A. Offer the customer several different mortgage loan options B. Have the customer sign a statement attesting that they were not coerced into choosing a particular product or loan program C. Ensure that the customer receives all of any applicable above-par pricing credit D. Provide each customer with three specific options for the loan they’re considering - one with the highest rate at the lowest cost, one at par pricing, and one with the lowest rate at the highest cost