A team member asks about TRID Changed Circumstances in a consumer complaint triage while trying to decide how the file should be documented. Which response should the supervisor use?
Correct Answer
D) Restart the wait only for APR, product, or prepayment-penalty triggers
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Restart the wait only for APR, product, or prepayment-penalty triggers".
Why This Is the Correct Answer
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Restart the wait only for APR, product, or prepayment-penalty triggers".
More Federal Laws Questions
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