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Alex is reviewing a mortgage file involving TRID Loan Estimate timing timing. Which response best follows the governing rule?

Correct Answer

B) Use a revised Loan Estimate only for a valid reason

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Use a revised Loan Estimate only for a valid reason".

Answer Options
A
Use an internal exception instead of the required federal disclosure or timing rule.
B
Use a revised Loan Estimate only for a valid reason
C
Wait until a regulator asks for the file before applying the federal requirement.
D
Rely on oral agreement when the rule requires documented compliance.

Why This Is the Correct Answer

TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Use a revised Loan Estimate only for a valid reason".

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