SALESPERSON ONLINE COMPUTRAINER
Master Exam #3
Question 148 of 150
Question: The Uniform Settlement Statement required by the Real Estate Settlement Procedures Act by law shall be delivered or mailed to the borrower no later than:
A: Ten business days from the date of the loan commitment;
B: Three business days prior to the closing of the transaction;
C: One calendar day prior to the closing of the transaction;
D: At, or before, the date of settlement.
Correct Answer is : D
The Uniform Settlement Statement must be delivered to the borrower at, or before, closing.