Finance
A Colorado lender must provide a Closing Disclosure to the borrower at least how many business days before consummation of a mortgage loan?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID (TILA-RESPA Integrated Disclosure rule), lenders must provide the Closing Disclosure to borrowers at least 3 business days before loan consummation (closing). This allows borrowers to review final loan terms and costs.
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