Finance
A Michigan buyer's 'good faith estimate' of closing costs under TRID is found in the:
AClosing Disclosure
BLoan Estimate✓ Correct
CHUD-1 Settlement Statement
DRESPA disclosure booklet
Explanation
Under TRID (effective 2015), the Loan Estimate (LE) replaced the Good Faith Estimate (GFE). It provides borrowers with an estimate of loan terms and projected closing costs within 3 business days of application.
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