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Question 1 of 3
1. Question
GOOD FAITH TOLERANCE REQUIREMENTS
A changed circumstance occurs less than four business days before consummation, making it impossible for the creditor to provide and rely on a revised Loan Estimate.
How may the creditor handle the revised charges for tolerance purposes?
CorrectIncorrect -
Question 2 of 3
2. Question
GOOD FAITH TOLERANCE REQUIREMENTS
A changed circumstance occurs between the fourth and third business days before consummation.
When may the creditor reflect revised charges on the Closing Disclosure?
CorrectIncorrect -
Question 3 of 3
3. Question
GOOD FAITH TOLERANCE REQUIREMENTS
A triggering event occurs after the first Closing Disclosure has already been provided during the three-business-day waiting period before consummation.
How may the creditor handle revised charges?
CorrectIncorrect