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In a training scenario, the borrower has provided enough information to trigger a TRID application. What action best follows the rule?

Correct Answer

D) Provide the Loan Estimate within three business days

Lines 191-203; 12 CFR 1026.19(e)(1)(iii). After the application trigger is met, timing is driven by receipt of the application, not by underwriting, rate lock, or fee collection. Therefore, the correct response is "Provide the Loan Estimate within three business days".

Answer Options
A
Collect only verbal consent and send the written notice after the rate is locked.
B
Use an informal worksheet in place of the required written disclosure.
C
Wait to respond until the borrower submits every underwriting condition.
D
Provide the Loan Estimate within three business days

Why This Is the Correct Answer

Lines 191-203; 12 CFR 1026.19(e)(1)(iii). After the application trigger is met, timing is driven by receipt of the application, not by underwriting, rate lock, or fee collection. Therefore, the correct response is "Provide the Loan Estimate within three business days".

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