During a training scenario, a sponsorship reviewer identifies an issue involving TRID Closing Disclosure timing. Which response is most compliant?
Correct Answer
C) Ensure Closing Disclosure receipt three business days before consummation
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Ensure Closing Disclosure receipt three business days before consummation".
Why This Is the Correct Answer
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Ensure Closing Disclosure receipt three business days before consummation".
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