A risk reviewer compares the file facts with TILA TRID Waiting Period during an underwriting condition review. Which conclusion is accurate?
Correct Answer
C) Delay consummation until the corrected disclosure timing is met
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Delay consummation until the corrected disclosure timing is met".
Why This Is the Correct Answer
The Closing Disclosure must be received in time and corrected under Regulation Z rules. The best answer is "Delay consummation until the corrected disclosure timing is met".
More Federal Laws Questions
A mortgage team asks a branch supervisor about TILA APR and finance-charge rules during a renewal checklist. Which answer should guide the file?
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A disciplinary-risk review raises a question about TILA APR and finance-charge rules. Which action should the renewal specialist recommend?
Before the loan advances, a quality-control reviewer must resolve a ATR/QM repayment-ability rules issue in a supervisory file review. What should happen?
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