Escrow & Title
A Colorado closing 'HUD-1 Settlement Statement' has been replaced by which document under TRID?
AGood Faith Estimate (GFE)
BClosing Disclosure (CD)✓ Correct
CTruth-in-Lending Statement (TIL)
DUniform Settlement Statement
Explanation
TRID (effective October 2015) replaced both the HUD-1 Settlement Statement and the TIL disclosure with the new Closing Disclosure (CD), which must be provided to borrowers at least 3 business days before closing.
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