Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of receiving a complete loan application?
ARESPA
BTILA
CTRID✓ Correct
DECOA
Explanation
The TRID rules (TILA-RESPA Integrated Disclosure), implemented by the Consumer Financial Protection Bureau (CFPB), require lenders to provide a Loan Estimate within 3 business days of receiving a complete loan application.
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