If a loan applicant chooses not to disclose his or her race on a loan application, what recourse does a mortgage professional have?
a. Note that the applicant has declined to answer and select a race based on visual observation
b. Inform the applicant of implications of the FBI Mortgage Fraud Warning Notice
c. Inform the applicant that the lender will reject the loan application since it is incomplete
d. Provide the applicant with an adverse action notice
Ans: a. Note that the applicant has declined to answer and select a race based on visual observation
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