Práctica SAFE MLO Test

During a face-to-face application for a home purchase loan, the applicant declines to provide ethnicity, race, and sex information. What should the MLO do?

• ATell the applicant the application cannot move forward until the information is provided.
• BLeave the section blank and take no further action, because the answers are voluntary.
• CAsk the applicant to sign a statement explaining why the information was withheld.
• DNote that the applicant declined, then record the data by visual observation or surname.