A branch supervisor asks Blair how to handle changed circumstances and TILA — Loan Estimate Timing. What should Blair recommend?
Correct Answer
D) Do not revise estimates without a valid trigger
changed circumstances can permit revised estimates only when Regulation Z conditions and timing are met. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Do not revise estimates without a valid trigger".
Why This Is the Correct Answer
changed circumstances can permit revised estimates only when Regulation Z conditions and timing are met. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Do not revise estimates without a valid trigger".
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