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In a closing-readiness check, a compliance analyst sees facts tied to TRID Good Faith Standard. What should the file reflect?

Correct Answer

A) Disclose settlement charges within TRID timing rules

TRID fee disclosures and tolerance categories govern estimates, revisions, and closing-cost comparison. The best answer is "Disclose settlement charges within TRID timing rules".

Answer Options
A
Disclose settlement charges within TRID timing rules
B
Leave the Loan Estimate unchanged after the creditor learns the disclosed charge is inaccurate.
C
Cure a tolerance problem by renaming the fee instead of documenting or refunding the variance.
D
Treat the TRID Good Faith Standard review as complete because the file contains a related HMDA reporting note.

Why This Is the Correct Answer

TRID fee disclosures and tolerance categories govern estimates, revisions, and closing-cost comparison. The best answer is "Disclose settlement charges within TRID timing rules".

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