Before the team acts on a branch training session, a quality-control reviewer must address TILA TRID Loan Estimate. Which response is most defensible?
Correct Answer
A) 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".
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".
More Federal Laws Questions
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A mortgage file is paused during a lock-desk handoff because of Fair Housing Act Redlining. Which answer should select the answer that fits the governing requirement?
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