Hoạt động cấp khoản vayCâu 180 / 400
The creditor must deliver or place in the mail the Loan Estimate no later than how many business days after receiving the application?
a.1 business day
b.2 business days
c.3 business days
d.7 business days
Giải thích
The Loan Estimate must be delivered or placed in the mail no later than three business days after the creditor receives the consumer's application. This is a core TRID timing rule.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under TRID, a mortgage 'application' is legally triggered when the consumer submits which set of information?
- A loan officer receives the borrower's name, income, SSN, subject property address, an estimate of the property's value, and the requested loan amount on Monday. When does the three-business-day Loan Estimate clock begin?
- Which of the following is NOT one of the six pieces of information that constitute an application under TRID?
- In addition to being provided within three business days of application, the Loan Estimate must be received by the consumer no later than how many business days before consummation?
- The consumer must receive the Closing Disclosure at least how long before consummation?
- For the Closing Disclosure's three-business-day waiting period, 'business day' is defined as:
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