Finance
Under New York law, a lender's 'good faith estimate' (GFE) of closing costs has been replaced by the:
AHUD-1 Settlement Statement
BLoan Estimate (LE) under the TRID rules✓ Correct
CNew York Mortgage Disclosure Form
DCommitment Letter
Explanation
Since October 2015, the Loan Estimate (LE) has replaced the Good Faith Estimate (GFE) under the TRID (Know Before You Owe) rules. The Loan Estimate must be provided to borrowers within 3 business days of loan application.
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