Before the loan advances, a branch supervisor must resolve a TRID Closing Disclosure timing issue in a new-license application. What should happen?
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".
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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