To which type of purchases does RESPA's TRID rule apply?

The correct answer is that RESPA's TRID rule applies to any closed-end loan secured by real property. The TRID rule, which stands for TILA-RESPA Integrated Disclosure, was established to provide consumers with clear and accessible information about the costs associated with mortgage loans. This rule specifically pertains to loans that are used to purchase or refinance residential properties, including single-family homes, multi-family homes, and other types of residential real estate.

Closed-end loans are those where the borrower receives a specific amount of money upfront and agrees to repay it over a set period, which is the typical structure for most mortgage loans. This is important because RESPA's objectives to protect consumers apply primarily to these types of loans, which often involve intricate processes and significant financial commitments.

In contrast, the other options mentioned do not accurately encapsulate the scope of RESPA's TRID rule. For instance, it doesn’t apply exclusively to commercial properties or new construction loans, nor does it extend to all types of loans such as personal loans. Understanding the specific focus of RESPA's TRID rule helps in recognizing the protections and requirements meant for consumer transactions involving residential real estate financing.