At Rosa's purchase closing, the settlement agent prepares and hand-delivers the buyer's Closing Disclosure on the lender's behalf. If the form is late or inaccurate, who remains responsible for compliance with TRID timing and content rules?
Correct Answer
B) The creditor, even though the settlement agent may provide the form on the creditor's behalf
TRID allows a settlement agent to provide the Closing Disclosure on the creditor's behalf, but the creditor remains responsible for ensuring compliance. Delegating delivery does not transfer the underlying legal obligation.
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