Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within three business days of receiving a loan application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DECOA
Explanation
Under the TRID rules (combining TILA and RESPA requirements), lenders must provide a Loan Estimate to borrowers within three business days of receiving a completed loan application.
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