What type of document may a licensee not ask a consumer to sign?

The correct answer pertains to the fact that a licensee cannot request a consumer to sign a loan-related document that lacks necessary disclosures. This is crucial because such disclosures are designed to ensure transparency and inform consumers about the terms and obligations of the loan. Without the necessary disclosures, a borrower may not be fully aware of their rights, the terms of the loan, or any potential risks involved. It is a fundamental principle in consumer protection that documents involving financial agreements must be clear and complete, allowing consumers to make informed decisions.

In this context, other types of documents mentioned can still be valid for a consumer to sign, provided they include all required disclosures and comply with relevant laws. For instance, repayment documents or legally binding mortgage contracts, while important legal documents, can still contain the necessary information as long as they are properly prepared. A document requiring multiple signatures does not inherently lack disclosures and can still be valid if the necessary information is included. Therefore, requesting a signature on a document that fails to provide essential disclosures would not comply with legal and ethical standards expected of a licensed mortgage loan originator.