Escrow & Title
In South Dakota, the 'closing disclosure' under TRID must be provided to the borrower by which party?
AThe real estate agent
BThe creditor (lender) or the settlement agent acting for the lender✓ Correct
CThe seller's attorney
DThe title insurance company independently of the lender
Explanation
Under TRID, the creditor (lender) is responsible for ensuring the Closing Disclosure is provided to the borrower at least 3 business days before consummation. The lender may use a settlement agent to deliver it.
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