Under TRID regulations, origination fees must be disclosed to the borrower no later than:
Correct Answer
A) 3 business days after application
Under the TRID rule (12 CFR 1026.19(e)), lenders must provide the Loan Estimate, which includes origination fees, within 3 business days of receiving a complete application.
Why This Is the Correct Answer
Under the TRID rule (12 CFR 1026.19(e)), lenders must provide the Loan Estimate, which includes origination fees, within 3 business days of receiving a complete application.
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