Escrow & Title
RESPA (Real Estate Settlement Procedures Act) requires lenders to provide buyers with a Closing Disclosure at least how many business days before closing?
A1 business day
B3 business days✓ Correct
C5 business days
D10 business days
Explanation
Under RESPA and the TRID rules (TILA-RESPA Integrated Disclosure), lenders must provide buyers with the Closing Disclosure at least 3 business days before consummation of the loan.
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