Finance
Under TRID, if there is a significant change in the Loan Estimate after it is issued, the lender must:
AProceed with the original estimate
BIssue a revised Loan Estimate and give the borrower at least 3 business days to review it✓ Correct
CNotify only AREC of the change
DProceed to closing immediately to avoid delays
Explanation
Under TRID, if a valid change of circumstance triggers a fee change, the lender must issue a revised Loan Estimate and allow the borrower time to review the changes before closing.
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