Federal Mortgage LawsQuestion 31 of 400
Which single disclosure form under TRID replaced both the old Truth-in-Lending disclosure and the HUD-1 Settlement Statement at closing?
a.The Closing Disclosure
b.The Loan Estimate
c.The Good Faith Estimate
d.The Notice of Right to Cancel
Explanation
The Closing Disclosure combined the final Truth-in-Lending disclosure and the HUD-1 Settlement Statement into one form given before closing. The Loan Estimate replaced the early TIL disclosure and the Good Faith Estimate at application. The Notice of Right to Cancel is a separate rescission document and was not consolidated.
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