In a closing-readiness check, the branch manager sees facts tied to TRID Timing Requirements. What should the file reflect?
Correct Answer
C) Count timing from the application trigger
Why this is correct: Under the TILA-RESPA Integrated Disclosure (TRID) rule, the lender must provide a Loan Estimate within three business days after receiving the consumer's application. The application trigger is defined as the submission of six specific pieces of information. Therefore, "Count timing from the application trigger" is the correct foundational step for all subsequent TRID timing. Why the other choices are wrong: "Use an internal exception instead of the required federal disclosure or timing rule" is wrong because TRID deadlines are mandatory and cannot be overridden by internal policy. "Wait until a regulator asks for the file before applying the federal requirement" is wrong because the timing requirement is triggered by the application, not by regulatory scrutiny. "Use prior refinance benefit approval as a substitute for the current TRID Timing Requirements requirement" is wrong because each new application resets the TRID clock; prior approvals are irrelevant. Exam tip: TRID timing is always tied to the "application" date, which is when the six pieces of information are received. This is a non-negotiable starting point.
Why This Is the Correct Answer
The correct response is "Count timing from the application trigger" because TRID Loan Estimate duties begin when the application trigger is met.
Why the Other Options Are Wrong
Option A: Use an internal exception instead of the required federal disclosure or timing rule.
Use an internal exception instead of the required federal disclosure or timing rule. is not correct because it does not apply the rule tested by this file scenario.
Option B: Wait until a regulator asks for the file before applying the federal requirement.
Wait until a regulator asks for the file before applying the federal requirement. is not correct because it does not apply the rule tested by this file scenario.
Option D: Use prior refinance benefit approval as a substitute for the current TRID Timing Requirements requirement.
This distractor shifts the issue to a different trigger, product, or timing rule instead of applying the rule tested in the stem.
Memory Technique
TRID Loan Estimate timing: identify the rule being tested, then choose the action that documents or applies that rule before the file moves forward.
Exam Tip
Match the file facts to TRID Loan Estimate timing; do not choose an exception or shortcut that skips the required rule.
Common Mistakes to Avoid
- -Choosing an internal exception instead of the governing rule
- -Treating preliminary or informal facts as a substitute for required documentation
- -Answering from a familiar but unrelated mortgage topic
More Federal Laws Questions
A mortgage file is paused during a lock-desk handoff because of FCRA Adverse Action Notices. Which answer should identify which rule controls the file?
Before the team acts on a production meeting, a training manager must address SCRA Interest Rate Cap. Which response is most defensible?
Before the team acts on a production meeting, the MLO must address FCRA Adverse Action Notice. Which response is most defensible?
A team member asks about RESPA Kickbacks and Referrals in an investor-delivery review while trying to confirm the rule-based response. Which response should the loan team use?
During a disclosure desk review, the loan team encounters an RESPA Servicing Transfer issue. Which response should avoid a shortcut that would misapply the rule?
A mortgage team asks a quality-control reviewer about TRID Loan Estimate timing during a record-retention audit. Which answer should guide the file?
A mortgage team asks a branch supervisor about TILA APR and finance-charge rules during a renewal checklist. Which answer should guide the file?
A mortgage file is paused during a risk-control review because of TILA QM DTI Calculation. Which answer should choose the most defensible file action?
A disciplinary-risk review raises a question about TILA APR and finance-charge rules. Which action should the renewal specialist recommend?
An MLO is reviewing procedures for a case where a compliance analyst asks why covered mortgage application data is collected. What is the proper handling?
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