Which item is not one of the six data points that trigger a Loan Estimate?

Which item is not one of the six data points that trigger a Loan Estimate?

• A. Ethnicity
• B. Name
• C. Address
• D. SSN

Answer: (A)

The thing being tested is which pieces of information actually trigger the delivery of the Loan Estimate under TRID. To issue an LE within three business days of receiving a complete application, a lender uses six key data points: the borrower’s name, income, Social Security number, property address, the estimated value of the property, and the loan amount. These items are what the lender needs to determine the loan terms, pricing, and whether a reliable credit decision can be made in time. Ethnicity is not one of those triggers. Race/ethnicity information is collected for fair-lending and HMDA reporting purposes, but it does not affect the LE’s timing or content.

The thing being tested is which pieces of information actually trigger the delivery of the Loan Estimate under TRID. To issue an LE within three business days of receiving a complete application, a lender uses six key data points: the borrower’s name, income, Social Security number, property address, the estimated value of the property, and the loan amount. These items are what the lender needs to determine the loan terms, pricing, and whether a reliable credit decision can be made in time.

Ethnicity is not one of those triggers. Race/ethnicity information is collected for fair-lending and HMDA reporting purposes, but it does not affect the LE’s timing or content.