FinancingMEDIUM
The Loan Estimate required under TRID must be provided to the borrower within:
Correct Answer
B) 3 business days of application
Under TRID (TILA-RESPA Integrated Disclosure) rules, lenders must provide the Loan Estimate within 3 business days of receiving a loan application. This form provides borrowers with estimated loan terms, projected payments, and closing costs.
Answer Options
A
24 hours of applicationB
3 business days of applicationC
7 business days of applicationD
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Related Topics & Key Terms
Related Topics:
trid-closing-disclosure-timingmortgage-application-processconsumer-protection-regulations
Key Terms:
TRIDLoan Estimate3 business daysTILA-RESPAmortgage disclosure
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