Hoạt động cấp khoản vayCâu 201 / 400
Under TRID, who is responsible for ensuring the Loan Estimate is provided to the consumer?
a.Only the mortgage broker
b.The title company
c.The real estate agent
d.The creditor (though a mortgage broker may provide it)
Giải thích
The creditor is ultimately responsible for ensuring the Loan Estimate is provided and is accurate. A mortgage broker may deliver the LE on the creditor's behalf, but that does not shift the creditor's compliance responsibility.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- If the Closing Disclosure is placed in the mail, when is the consumer presumed to have received it (absent evidence of earlier receipt)?
- Which of the following is disclosed on the Loan Estimate?
- The primary purpose of the Loan Estimate is to:
- A mortgage broker receives a consumer's application. Which statement is correct about the Loan Estimate?
- Before intent to proceed, the fee a creditor charges to obtain the credit report must be:
- A loan officer collects a $600 appraisal fee from the borrower one hour after issuing the LE but before the borrower says they want to move forward. This is:
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