Under TRID (TILA-RESPA Integrated Disclosure), how many business days before closing must a borrower receive the Closing Disclosure?
Correct Answer
B) 3 business days before closing
Under TRID, lenders must provide the borrower with the Closing Disclosure at least 3 business days before consummation (closing). This waiting period gives borrowers time to review final loan terms and costs before signing. If significant changes occur, a new 3-business-day waiting period may be required.
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