TILA, RESPA, ECOA or TRID: which rule fits?

For example, an APR question concerns the cost of credit, even when the number appears on a TRID form. APR reflects interest and specified other borrowing costs; it is not simply another name for the note rate.

The same transaction can trigger several laws. A lender can owe a Loan Estimate under TRID and an action notice under ECOA. Choosing the main rule for one exam question does not erase the others.

The PSI booklet dated June 24, 2026, national IV.C.1 to IV.C.5 lists RESPA, TILA, TRID, ECOA and the lending process. They sit within Financing's 10% of the national broker portion. That allocation covers the whole financing area, not this page alone.

For a covered TRID transaction, keep delivery or mailing separate from consumer receipt. The rules and official commentary in 1026.19(e) and (f) make that distinction explicit.

The seven-day Loan Estimate wait begins at delivery or mailing, not consumer receipt. The Closing Disclosure's three-day period is based on receipt. Where receipt matters under these provisions, a mailed disclosure is generally presumed received three business days after mailing unless the creditor has evidence of earlier receipt. Do not add that receipt period to the Loan Estimate's seven-day starting point.

Regulation Z, 1026.2(a)(3), (6) and (13) defines the application, business days and consummation. Consummation is when the consumer becomes contractually obligated on the credit transaction under applicable law. Do not automatically substitute funding, recording or the date of the home purchase contract.

The six application items are the consumer's name, income, Social Security number to obtain a credit report, property address, estimated property value and mortgage amount sought. Tax returns may be needed for underwriting, but they are not a seventh item that postpones this disclosure trigger. A TRID application is not necessarily a completed credit application under ECOA. Do not start every federal clock merely because the six TRID items have arrived.

Coverage matters. These integrated forms generally concern closed-end consumer credit secured by real property or a cooperative unit, excluding reverse mortgages covered by the separate rule. Do not automatically apply them to a HELOC or a loan secured only by a movable home. Specific exemptions also exist.

Change the fact: if the Closing Disclosure is actually received in person on Friday, October 23, its three business days are Saturday 24, Monday 26 and Tuesday 27. Both periods then permit October 27. If receipt is not established in person, determine the applicable receipt rule before counting.

A title company promises a broker a gift card for each buyer sent to it in transactions involving federally related mortgage loans. The broker performs no separate service for the payment. That is a thing of value tied to covered settlement-service referrals, the problem addressed by RESPA Section 8 and 1024.14. Calling it a marketing reward does not change those facts.

Do not replace this rule with “all referral fees are illegal.” Section 1024.14(g) includes an exception for cooperative brokerage and referral arrangements between real estate agents and brokers acting in a real estate brokerage capacity. It does not extend that exception to fee arrangements between real estate brokers and mortgage brokers. Payment for real services has its own conditions; a sham service does not cure a kickback.

Common ownership also needs a separate analysis. Section 1024.15 sets affiliated-business conditions involving written relationship and charge disclosures, restrictions on required use with specified exceptions, and permitted returns. A disclosure alone does not make every payment or arrangement lawful.

Regulation B's prohibited-basis definition includes race, color, religion, national origin, sex, marital status, age when the applicant can enter a binding contract, receipt of public-assistance income and good-faith exercise of specified consumer-credit rights. Use ECOA's own list and exceptions, rather than copying a fair-housing mnemonic into every credit question.

For a completed consumer-credit application, Regulation B, 1002.9 generally requires notice of approval, counteroffer or adverse action within 30 days. Adverse-action notice must include specific reasons or the prescribed right to obtain them, along with the other required notice content. An incomplete application and a business-credit application have separate provisions. A Loan Estimate is not a credit-approval promise.

Section 1002.14 separately covers copies of appraisals and other written valuations developed for an application secured by a first lien on a dwelling. Copies generally must be provided promptly on completion or three business days before consummation or account opening, whichever is earlier. A permitted timing waiver does not waive the right to the copy.

These are original study items, not released or recalled PSI questions.

The purchase-transaction exemption and other rescission conditions are in 1026.23. A qualifying nonpurchase loan secured by the principal dwelling raises a different question from a standard purchase loan.

Use the full lending-process guide when you need the wider sequence, or try the free broker questions. If short phone sessions help you study, you can download Pass Illinois for additional practice. Explain which law applies and which fact would change the answer.