Finance
Under RESPA, a Virginia settlement agent must provide the Closing Disclosure to the buyer at least how many business days before closing?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
TRID requires that the Closing Disclosure be delivered to the buyer at least 3 business days before consummation of the loan/closing.
Related Virginia Finance Questions
- In a Virginia wrap-around mortgage (all-inclusive trust deed), the seller retains the existing mortgage and the buyer makes payments to:
- A VA-guaranteed loan in Virginia is available to:
- A conventional loan in Virginia is one that is:
- In a Virginia interest-only mortgage, the monthly payment covers:
- In Virginia, the Grantor's Tax on deed recordation is calculated at:
- Under the Community Reinvestment Act (CRA), banks in Virginia are encouraged to:
- A conventional loan with less than 20% down payment typically requires the borrower to pay:
- A Virginia lender who discriminates in lending based on the racial composition of a neighborhood is engaging in:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →