Contracts
Under the TRID (TILA-RESPA Integrated Disclosure) rules, a revised Loan Estimate must be provided to the borrower if which of the following occurs?
AThe lender changes the loan processor
BThere is a valid changed circumstance such as a natural disaster affecting the property✓ Correct
CThe borrower asks for a copy of the original estimate
DThe interest rate increases by more than 0.1%
Explanation
Under TRID, a revised Loan Estimate may be provided only when there is a valid changed circumstance — such as the buyer requests a different loan program, a natural disaster affects the property, or new information comes to light that changes the fees. The lender cannot re-issue for arbitrary reasons.
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