Hoạt động cấp khoản vayCâu 186 / 400
Which of the following qualifies as the consumer's 'intent to proceed' with the transaction?
a.Any affirmative oral or written communication from the consumer that they wish to move forward, after receiving the LE
b.The consumer's silence for seven business days
c.Signing the initial Form 1003
d.The consumer simply providing the six pieces of information
Giải thích
Intent to proceed is any affirmative act, oral or written, by which the consumer communicates a desire to move forward after receiving the Loan Estimate. Silence does not constitute intent to proceed, and it cannot occur before the LE is received.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- For the Closing Disclosure's three-business-day waiting period, 'business day' is defined as:
- For counting the three days to deliver the Loan Estimate, 'business day' means:
- Before the consumer has received the Loan Estimate and communicated intent to proceed, the creditor may collect which fee?
- When a valid changed circumstance justifies a revised Loan Estimate, the creditor must deliver or mail it within how many business days of receiving information sufficient to establish the change?
- A revised Loan Estimate must be received by the consumer no later than how many business days before consummation?
- Which charge is subject to a zero percent tolerance (cannot increase from the LE to the CD)?
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