AAPL is committed to creating a Code of Ethics that all Members will voluntarily adhere to. These ethics are the foundation of how our Members conduct themselves in their business operations. Beginning with the AAPL Inaugural Conference, the Executive Directors and Directors have worked with the Members to craft a detailed Code of Ethics clearly reflecting the needs of our industry and the public.
This initial Code of Ethics is intended as a working document that the association will refine.
- Members will adhere to the laws regarding The Fair Housing Act, Equal Credit Opportunity Act, S.A.F.E. Act, Predatory Lending Laws and Predatory Servicing Laws.
- Members will not discriminate against potential or actual borrowers based on their sex, age, race, sexual orientation or religion.
- Members will be honest and forthright in all their dealings with their borrowers, investors, financiers and the association.
- Member’s loan offering terms will not be changed from the original proposed terms without just cause. Member’s lending practices reflect their integrity and no “Bait & Switch” lending practices are tolerated.
- When originating a loan, it is our Members' desire to see the loan succeed and perform in accordance to the agreed upon terms. At no time will our Members originate a loan only to seek the property back through unscrupulous lending practices.
- Members will try to work with their borrowers in an effort to exhaust all reasonable options prior to foreclosing on a mortgage.
- Members will conduct themselves in a professional manner at all times.
- All members agree to adhere to the AAPL’s Code of Ethics to ensure long-term viability and success of the industry. Corporate, Industry Leader, and Industry Partner members in good standing may display the AAPL Logo on their web site and marketing materials to proudly show their voluntary adherence to the AAPL Code of Ethics.
For questions or comments regarding AAPL’s Code of Ethics, please Contact Us.
