Finance
In Michigan, lenders must provide borrowers with the Loan Estimate (LE) within 3 business days of receiving which 6 pieces of information that trigger a TRID application?
AName, address, SSN, income, property address, loan amount✓ Correct
BCredit score, employment history, bank statements, income, debts, property address
CName, property value estimate, loan type, interest rate preference, down payment, and purpose
DPurchase agreement, appraisal order, title commitment, HOA docs, survey, and income
Explanation
TRID defines a complete loan application as containing: borrower's name, monthly income, SSN (for credit check), property address/identifier, estimated property value, and desired mortgage loan amount.
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