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Hayden is training a new MLO on TRID Loan Estimate timing timing. Which statement is accurate?

Correct Answer

C) Count timing from the application trigger

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Count timing from the application trigger".

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
Count timing from the application trigger
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 "Count timing from the application trigger".

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