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An audit analyst compares the file facts with TILA TRID Disclosures during a new-hire scenario. Which conclusion is accurate?

Correct Answer

A) Count timing from the application trigger

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Count timing from the application trigger".

Answer Options
A
Count timing from the application trigger
B
Resolve the TILA TRID Disclosures issue with the high-cost loan exception that does not fit the facts.
C
Wait until a regulator asks for the file before applying the federal requirement.
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Count timing from the application trigger".

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