Escrow & Title
In Virginia, a RESPA-required Good Faith Estimate has been replaced by:
AThe HUD-1 Settlement Statement
BThe Loan Estimate (LE)✓ Correct
CThe Closing Disclosure (CD)
DThe Virginia Settlement Cost Disclosure
Explanation
The Good Faith Estimate (GFE) and early Truth-in-Lending disclosure were replaced in 2015 by the Loan Estimate (LE), required within 3 business days of loan application under the TRID rules.
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