Which of the following is NOT specified by the Mortgage Disclosure Improvement Act?

The statement indicating that the mortgage loan originator must provide a copy of the credit report to the borrower within 3 business days of receiving it is not specified by the Mortgage Disclosure Improvement Act (MDIA). The MDIA outlines certain disclosure requirements and mandates specific waiting periods and conditions for collecting fees, but it does not include a provision obligating MLOs to provide a copy of the credit report to borrowers within a specific timeframe.

In contrast, the first option mentions a requirement for the Good Faith Estimate (GFE) that aligns with consumer protection under the MDIA, ensuring borrowers understand their rights. The second option addresses the mandatory waiting period after the initial disclosures are issued, which helps borrowers take the time they need to consider their options before closing. The third option restricts the collection of fees, protecting borrowers from upfront charges that they might not be ready to pay until they have sufficient information about the loan.

Thus, option D is the outlier, correctly reflecting that this specific requirement is not part of the MDIA's provisions.