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Exam MLO topic 1 question 26 discussion

Actual exam question from NMLS's MLO
Question #: 26
Topic #: 1
[All MLO Questions]

How many days before consummation must a borrower receive a revised Loan Estimate?

  • A. 4 business days
  • B. 5 business days
  • C. 7 business days
  • D. 10 business days
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Suggested Answer: A 🗳️
by cooldino at Jan. 30, 2025, 3:28 p.m.

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jcola24
2 weeks, 3 days ago
Selected Answer: A
A revised Loan Estimate must be received by the borrower no later than four business days before consummation. This is different from the original Loan Estimate, which must be delivered within three business days of receiving the application.
upvoted 1 times
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cooldino
4 months, 2 weeks ago
Selected Answer: A
consumer must receive the corrected Loan Estimate no later than 4 (four) business days before consummation.
upvoted 1 times
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cooldino
4 months, 2 weeks ago
Selected Answer: A
consumer must receive the corrected Loan Estimate no later than 4 (four) business days before consummation
upvoted 1 times
...
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A (35%)
C (25%)
B (20%)
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