Hoạt động cấp khoản vayCâu 206 / 400
If the creditor allows the consumer to shop for a service but fails to provide the required written list of providers, the charge for that service is generally treated under which tolerance?
a.10 percent cumulative tolerance
b.No tolerance
c.Zero tolerance always
d.It is exempt from tolerance rules
Giải thích
If the creditor permits shopping but fails to provide the required written list, the charge is generally subject to the 10 percent cumulative tolerance, as if the consumer had not been given the opportunity to shop freely. This protects the consumer from the omission.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- When a creditor permits the consumer to shop for a settlement service, the creditor must provide:
- Which of the following qualifies as a 'changed circumstance' that permits a revised Loan Estimate?
- A revised Loan Estimate is also permitted when:
- When a consumer locks an interest rate after the initial Loan Estimate, the creditor must provide a revised Loan Estimate by when?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra