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Financing

Financing Practice Question

The Closing Disclosure required by TILA-RESPA Integrated Disclosure (TRID) rules must be provided to the borrower at least:
A
24 hours before closing
B
3 business days before closing
C
5 business days before closing
D
7 business days before closing
Explanation

Under TRID rules, the Closing Disclosure must be provided at least 3 business days before closing. This gives borrowers time to review final loan terms and costs before consummation of the loan.

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