Finance
A Connecticut borrower applies for a mortgage. The lender is required to provide the Loan Estimate within how many business days of receiving a complete loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under the TRID rules (TILA-RESPA Integrated Disclosure), the lender must provide the Loan Estimate within 3 business days of receiving the consumer's completed loan application.
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