Hoạt động cấp khoản vayCâu 207 / 400
Which of the following qualifies as a 'changed circumstance' that permits a revised Loan Estimate?
a.The consumer decides they want a slightly lower rate
b.An extraordinary event beyond anyone's control, such as a natural disaster, affecting the transaction
c.The loan officer forgot to include a fee on the original LE
d.The creditor wants to increase its origination fee for more profit
Giải thích
A changed circumstance includes an extraordinary event beyond the control of any interested party, such as a natural disaster. A creditor's own error or a desire for more profit is not a valid changed circumstance and does not justify resetting tolerances.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- 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 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?
- The Loan Estimate states that the consumer must indicate intent to proceed within how many business days for the closing cost estimates to remain available (the standard minimum period)?
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