Which circumstance would NOT be considered a valid changed circumstance for purposes of providing a revised Loan Estimate?
Correct Answer
D) Lender decides to increase profit margins on the loan
A lender's business decision to increase profit margins is not a valid changed circumstance under TRID. Valid changed circumstances must be external factors, borrower-requested changes, or new information that affects the loan terms, not internal business decisions by the lender.
Why This Is the Correct Answer
A lender's business decision to increase profit margins is not a valid changed circumstance under TRID. Valid changed circumstances must be external factors, borrower-requested changes, or new information that affects the loan terms, not internal business decisions by the lender.
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