Escrow & Title
The Closing Disclosure (CD) must be provided to the borrower at least how many business days before consummation?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under the TRID (TILA-RESPA Integrated Disclosures) rules, lenders must provide the Closing Disclosure to borrowers at least 3 business days before loan consummation (closing).
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