Question: Upon receiving an application for a mortgage loan, a lender must A ) prepare the closing disclosure for the buyer and seller. B ) immediately
Upon receiving an application for a mortgage loan, a lender must
A prepare the closing disclosure for the buyer and seller.
B immediately send the borrowers file to underwriting for approval.
C provide the Home Loan Toolkit within three days.
D wait until the licensee prepares a contract with an address before proceeding with TRID requirements
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