Parker is training a new MLO on TRID Closing Disclosure timing timing. Which statement is accurate?
Correct Answer
D) Use a corrected Closing Disclosure when terms change
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Use a corrected Closing Disclosure when terms change".
Why This Is the Correct Answer
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Use a corrected Closing Disclosure when terms change".
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