What is the name of the document that outlines ethical standards for professionals?

The document outlining ethical standards for professionals is commonly referred to as a Code of Ethics. This term signifies a formal set of principles that guide the behavior and decision-making processes of individuals within a profession. A Code of Ethics typically specifies the values and ethical responsibilities specific to a profession, serving as a framework for practitioners to ensure integrity and accountability in their actions.

In various fields, adherence to a Code of Ethics helps maintain public trust and professional credibility. It addresses issues such as conflicts of interest, confidentiality, and professional integrity, ensuring that the conduct of professionals meets established standards. Understanding and following a Code of Ethics is essential for fostering ethical practices in any profession, including that of a mortgage loan officer, where trust and accountability are paramount.

Other terms might describe similar concepts but do not capture the specific focus on ethics as comprehensively as a Code of Ethics. For example, a "Code of Conduct" often covers a broader range of expected behaviors beyond just ethical considerations, while "Professional Guidelines" might focus more on best practices or operational principles rather than explicitly addressing moral standards. "Ethical Standards Document" is less common and less universally recognized, making it a less accurate choice compared to the widely accepted term "Code of Ethics."