Escrow & Title
The Closing Disclosure (CD) replaced which prior document in federally related mortgage transactions?
AThe HUD-1 Settlement Statement
BThe Good Faith Estimate
CBoth A and B✓ Correct
DThe title commitment
Explanation
Under TRID (effective October 2015), the Closing Disclosure replaced the HUD-1 Settlement Statement, and the Loan Estimate replaced the Good Faith Estimate (GFE).
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