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A renewal specialist is training staff on TRID Closing Disclosure timing using a training scenario. Which statement is accurate?

Correct Answer

C) Delay consummation until the corrected disclosure timing is met

The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Delay consummation until the corrected disclosure timing is met".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Wait until a regulator asks for the file before applying the federal requirement.
C
Delay consummation until the corrected disclosure timing is met
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Delay consummation until the corrected disclosure timing is met".

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