Finance
A buyer in Alaska receives a 'Closing Disclosure' before closing. Under TRID, this document must be provided at least how many business days before consummation?
A1 day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
TRID rules require lenders to provide the Closing Disclosure to the borrower at least 3 business days before loan consummation (closing). This gives borrowers time to review and compare the final terms against the Loan Estimate received at application.
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