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ElenaW [278]
3 years ago
15

Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage

rate (APR) has changed more than 0.125% before closing?
Business
1 answer:
kherson [118]3 years ago
5 0

Complete question:

Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?

A) Two business days

B) Three business days

C) Five business days

D) Four business days

Answer:

A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.

Explanation:

TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).

When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.

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On July 1, 2017, Crane Inc. made two sales.
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2 years ago
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3 years ago
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Alyssa has set up a personal budget with total monthly expenditures of $ 3250. If 20 percent sign of her income is taken out of
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The minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.

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Learn more: brainly.com/question/25571450

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