Before the team acts on a servicing handoff check, a disclosure specialist must address TILA TRID Tolerances. Which response is most defensible?
Correct Answer
D) 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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