Hoạt động cấp khoản vayCâu 217 / 400
If a charge exceeds the applicable tolerance at closing, the creditor generally must:
a.Cancel the loan
b.Ignore it if under $100
c.Charge the consumer more
d.Refund the excess to the consumer, a 'cure', typically within 60 days of consummation
Giải thích
When a charge exceeds its tolerance, the creditor must cure the violation by refunding the excess to the consumer, generally within 60 calendar days after consummation. A corrected Closing Disclosure reflecting the refund is also provided.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A consumer receives the Closing Disclosure in person on Monday. Assuming no intervening federal holidays, the earliest day consummation may occur is:
- A creditor places the Closing Disclosure in the mail. For the three-business-day receipt requirement, the consumer is presumed to receive it:
- The consumer may waive the CD three-business-day waiting period only when:
- Charges on the Loan Estimate are deemed made in 'good faith' if:
- 'Services the consumer can shop for' are those for which:
- For purposes of triggering an application, the 'estimated value of the property' may be based on:
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