Devon notices a compliance issue tied to fee disclosures and TILA — Loan Estimate Timing. What is the best next step?
Correct Answer
C) Place the fee in the correct tolerance category
TRID fee disclosures and tolerance categories govern estimates, revisions, and closing-cost comparison. 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 "Place the fee in the correct tolerance category".
Why This Is the Correct Answer
TRID fee disclosures and tolerance categories govern estimates, revisions, and closing-cost comparison. 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 "Place the fee in the correct tolerance category".
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