Hoạt động cấp khoản vayCâu 221 / 400
Before the consumer receives the Loan Estimate, if the creditor provides a written estimate of terms or costs, it must:
a.Be identical to the final CD
b.Be provided only orally
c.Guarantee those costs
d.Clearly state, in a prominent statement, that the terms are not an offer
Giải thích
If a creditor provides a written estimate of terms or costs before the consumer receives the LE, it must include a prominent statement that the terms and costs may change and are not an offer. This prevents such worksheets from being mistaken for the official Loan Estimate.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- A borrower gives the loan officer their name, monthly income, SSN, the loan amount they want, and an estimate of the home's value, but has not yet identified a specific property address. Under TRID:
- A creditor may use a revised Loan Estimate to reset a tolerance baseline only when:
- The borrower asks to switch from a 30-year to a 15-year loan after the initial LE, changing several costs. The creditor may:
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