Under TRID, which set of information completes a mortgage application so that the creditor must provide a Loan Estimate?
Correct Answer
B) The consumer's name, income, Social Security number, property address, estimated property value, and desired loan amount
TRID treats an application as complete for Loan Estimate purposes once the creditor has six pieces of information: the consumer's name, income, Social Security number, property address, estimated property value, and desired loan amount. Once those six items are received, the creditor generally must deliver or place the Loan Estimate in the mail within three business days.
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