Question
23. Monday June 12 Mrs. buyer rescind the closing disclosure for the purchase of a new home that was scheduled to close on Friday June
23. Monday June 12 Mrs. buyer rescind the closing disclosure for the purchase of a new home that was scheduled to close on Friday June 16, when Mrs. buyer arrives for the closing on Friday, she learns that a prepayment penalty has been added to the terms of her loan. TRID rules dictates that the
A closing must occur as planned or the loan will be canceled.
B closing may continue as planed as long as Mrs. buyer accepts the new loan term in writing.
C disclosure of the new loan terms triggers a waiting period, so closing can occur as early as Monday june19
D disclosures of the new loan term triggers a waiting period, so closing can occurs as early as Monday June 21.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started