Finance
An Indiana lender's good faith estimate under TRID (TILA-RESPA Integrated Disclosure) is now provided to borrowers as a:
AGood Faith Estimate (GFE)
BLoan Estimate✓ Correct
CTruth in Lending Disclosure
DUniform Settlement Statement
Explanation
Under TRID (2015), the Loan Estimate replaced both the old Good Faith Estimate (GFE) and the initial Truth-in-Lending disclosure. The Closing Disclosure replaced the HUD-1 settlement statement.
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