According to the URLA Form 1003, which of the following is NOT one of the six pieces required to constitute a complete application under federal regulations?
Correct Answer
C) Credit score
Under TRID regulations, the six pieces of a complete application are: applicant's name, monthly income, Social Security number, property address, estimated property value, and mortgage loan amount sought. Credit score is not one of the required six pieces.
Why This Is the Correct Answer
Under TRID regulations, the six pieces of a complete application are: applicant's name, monthly income, Social Security number, property address, estimated property value, and mortgage loan amount sought. Credit score is not one of the required six pieces.
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