Luật vay thế chấp liên bangCâu 38 / 400
A lender issues a Loan Estimate, and two days later the borrower's requested loan amount increases because the appraisal came in higher, allowing more cash out. Under TRID, this is:
a.Never a valid reason to revise the Loan Estimate
b.A reason to cancel the application entirely
c.Grounds to skip the Closing Disclosure
d.A valid changed circumstance that can justify issuing a revised Loan Estimate and resetting affected tolerances
Giải thích
TRID allows a revised Loan Estimate when a valid changed circumstance occurs, such as a borrower-requested change in the loan amount, which can reset applicable tolerances. It is not a reason to cancel the application or skip the Closing Disclosure, and revisions are permitted, not prohibited. The lender must issue the revised LE within the required timeframe to rely on the new figures.
Trích dẫn luật: TRIDLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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