Housing Counseling FAQ
Q

Can a banker be on the board of a housing counseling agency if his or her employer originates and underwrites mortgages?

Date Published: July 2008

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A

This is permissible as long as the banker does not originate mortgages. He or she also cannot directly refer clients to his or her employer and cannot receive a commission from his or her employer if a counselor refers a client to his or her lending institution.


Tags: Housing Counseling Program Conflict of Interest

FAQ ID:

2420