Devon notices a compliance issue tied to borrower communication and TILA — Loan Estimate Timing. What is the best next step?
Correct Answer
C) Give the required disclosure or notice on time
borrower communication must be timely, accurate, and tied to disclosure or action-notice duties. 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 "Give the required disclosure or notice on time".
Why This Is the Correct Answer
borrower communication must be timely, accurate, and tied to disclosure or action-notice duties. 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 "Give the required disclosure or notice on time".
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