A mortgage file is paused during a secondary-market screen because of TILA TRID Disclosures. Which answer should select the answer that fits the governing requirement?
Correct Answer
C) 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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