Rose is employed as a loan officer at a bank. Rose recently sat down and visited with her financial planner Julie, a CFP® professional. Rose was in need of cash and borrowed

$15,000 from Julie. Based on Rule 3.7 of the CFP® Rules of Conduct (A certificant shall not lend money to a client.), which of the following statements is accurate?

a. Julie is not in violation of the rule because Rose is in the business of lending money.

b. Julie is in violation of the rule because a CFP® certificant must never lend money to a client.

c. Julie is not in violation since she loaned Rose less than $20,000.

d. Julie is in violation of the rule.