loan officer Paper

 LOAN OFFICE A loans officer acts as a link between a financial and a loan applicant. The officer’s duty is to protect the financial institution by ensuring that only credits worthy applicants are approved for loans. He or she also protects applicants from adverse consequences of failure to repay an offered loan. A number of ethical principles and theories therefore govern the role of loans officers in approving loans to customers. One of the applicable ethical principles is the doctrine of beneficence that establishes the need of every member of the society to do well. Beneficence calls for actions that will benefit members of the society and not bring harm. Another applicable principle to a loans office is the doctrine of justice that advocates for fairness when dealing with other people (Rainbow, 2012). The principle of common good that promotes well being of macro elements of the society is also applicable (Ascension, 2012). Ethical theories such as deontology and utilitarianism are also applicable in the scope of a loans office (Rainbow, 2012).

Approving the loan

Don't use plagiarized sources. Get Your Custom Essay on
loan officer Paper
Just from $13/Page
Order Essay

Approving the loans will violate my personal codes of ethics. This is because I strongly believe principles of beneficence, justice, and common good (Rainbow, 2012. Ascension, 2012).

Resolving the ethical dilemma

I would advise loan applicants of all potential risks involved in taking the loans and allow them the freedom of choice as illustrated by the doctrine of respecting people (Ascension, 2012).

People’s reaction

The organization’s strategy would elicit negative reactions because it aims at exploiting the society against theories of deontology and utilitarianism (Rainbow, 2012).

Reference

Ascension. (2012). Key ethical principles. Retrieved from: http://www.ascensionhealth.org/index.php?option=com_content&view=article&id=47&Itemid=171

Rainbow, C. (2012). Description of ethical theories and principles. Retrieved from: http://www.bio.davidson.edu/people/kabernd/indep/carainbow/Theories.

Order your essay today and save 20% with the discount code: OFFNOW

Order a unique copy of this paper

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
Top Academic Writers Ready to Help
with Your Research Proposal
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code OFFNOW