Quiz for Overview of TRID
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Question 1 of 10
1. Question
- What is the definition of business day for the LE disclosure?
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Question 2 of 10
2. Question
2. The Loan Estimate must be:
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Question 3 of 10
3. Question
3. What is the soonest you can send a Closing Disclosure after the Loan Estimate?
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Question 4 of 10
4. Question
4. What is the general accuracy requirement for any amounts listed on the LE?
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Question 5 of 10
5. Question
5. What types of mortgages are subject to TRID?
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Question 6 of 10
6. Question
6. What is a bona fide personal financial emergency for purposes of waiving the seven-business-day waiting period?
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Question 7 of 10
7. Question
7. Who else can provide a Loan Estimate on behalf of a creditor?
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Question 8 of 10
8. Question
8. Which one is not a required piece of information for an application?
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Question 9 of 10
9. Question
9. What is considered a business day for a closing disclosure?
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Question 10 of 10
10. Question
10. What charges are subject to zero tolerance?