Arkansas License Law
The period during which a prospective buyer is entitled to review disclosures before a binding obligation to purchase under RESPA for certain transactions is:
A24 hours
B3 business days✓ Correct
C7 days
D10 business days
Explanation
Under the TRID rules that implement RESPA and TILA, buyers have a 3 business day review period after receiving the Closing Disclosure before they can be obligated to close on a mortgage loan.
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