Monday, June 12, Mrs Buyer received her 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 dictate that:

a) closing must occur as planned or loan will be canceled

b) closing may continue as planned as along as mrs buyer accepts the new loan term in writing

c) disclosure of the loan term triggers a waiting period, so closing can occur as early as Monday June 19

d) disclosure of the loan term triggers a waiting period, so closing can occur as early as Wednesday, June 21