Finance
Under RESPA, a lender must provide the Loan Estimate to a borrower within how many business days of receiving a loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
RESPA (and TRID) requires lenders to deliver the Loan Estimate within 3 business days of receiving a completed loan application, giving borrowers time to review terms.
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