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The file reviewer is resolving TRID Loan Estimate during an internal audit sample. Which action best fits the rule?

Correct Answer

C) Provide the Loan Estimate within three business days

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Provide the Loan Estimate within three business days".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Treat the TRID Loan Estimate review as complete because the file contains a related servicing transfer note.
C
Provide the Loan Estimate within three business days
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 "Provide the Loan Estimate within three business days".

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