The Following Statements Make Assertions About the Collection and Reporting

question 183

Multiple Choice

The following statements make assertions about the collection and reporting of data on race, ethnicity, sex, and income. Which statement is false?

• A) It must be requested on all HMDA-reportable applications received in person from natural persons.
• B) It must be requested only for the loans where the application is taken in person.
• C) It must be reported unless the loan was purchased.
• D) It must be requested verbally on telephone applications.

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Definitions:

Data Breaches

Unauthorized access and theft of sensitive, confidential, or protected data, such as personal information, intellectual property, or trade secrets.

CEOs

Chief Executive Officers, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Lack of Management Support

A situation where organizational leaders do not provide adequate assistance, resources, or approval for initiatives and projects.

Internet Of Things

A network of physical objects embedded with sensors, software, and other technologies, enabling them to connect and exchange data.