Nationwide Multistate Licensing System NMLS Quiz
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ETHICS
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A lender uses outside vendors for processing; what
GLBA
safeguard is most appropriate for vendor management?
A
Allow vendors to set their own privacy rules without review to reduce delays
B
Select vendors with safeguards and monitor them to protect customer information
C
Send full borrower files to vendors by personal email for convenience
D
Avoid contracts so the vendor can act quickly without restrictions
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