Finance
Under TRID regulations in South Carolina, which document replaced the Good Faith Estimate (GFE) and Truth in Lending disclosure?
AThe Closing Disclosure
BThe Loan Estimate✓ Correct
CThe HUD-1 Settlement Statement
DThe Itemization of Amount Financed
Explanation
The Loan Estimate replaced the Good Faith Estimate (GFE) and the early Truth in Lending disclosure. It must be provided within 3 business days of a loan application.
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