“Couldn’t” vs. “Didn’t” Shop

Answered by:

Question:

What does “didn’t shop” mean in relation to Section B on page 2 of the Closing Disclosure?

Answer:

“Didn’t shop” means a shopping list was provided; however, either the borrower selected the lender’s listed provider or the bank selected a provider on behalf of the borrower. The customer also “didn’t shop” if a shopping list was not provided.

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