Under TRID (TILA-RESPA Integrated Disclosure), a Loan Estimate must be provided to the borrower within how many business days of receiving a completed loan application?
Correct Answer
B) Within 3 business days
Under TRID (TILA-RESPA Integrated Disclosure), lenders must provide the Loan Estimate within 3 business days of receiving a completed loan application. This gives borrowers time to review estimated loan terms, costs, and fees before proceeding with the transaction.
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