Hoạt động cấp khoản vayCâu 261 / 400
A borrower must receive the Closing Disclosure at least how many business days before consummation of the loan?
a.One business day
b.Two business days
c.Three business days
d.Seven business days
Giải thích
Under TRID, the creditor must ensure the borrower receives the Closing Disclosure at least three business days before consummation. Certain changes (like an APR increase beyond tolerance) can trigger a new three-day waiting period. The seven-day rule applies to the Loan Estimate before consummation.
Trích dẫn luật: TILA-RESPA Integrated Disclosure (TRID)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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