Answer:
If you have the 6 pieces of information identified in 1026.2(a)(3)(ii) then you have an application that triggers TRID disclosures.
Prequal Disclosures Required?
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Question:
A broker sends a potential borrower to the bank. He wants to pre-qualify for a loan that will be a finished house in a builder's subdivision which is represented by the broker. The dwelling will not be finished for 6 - 12 months. The bank received the application from the broker and pre-qualifies (no pre-approval program) for a later date. There would not be any early disclosures at the type of the pre-qual, correct?
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