An audit analyst is training staff on TRID Closing Disclosure timing using an annual compliance meeting. Which statement is accurate?
Correct Answer
C) 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".
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