Finance
Which federal law requires lenders to provide a Loan Estimate to mortgage applicants?
ARESPA
BTILA-RESPA Integrated Disclosure (TRID)✓ Correct
CECOA
DCRA
Explanation
The TRID rules (TILA-RESPA Integrated Disclosure), effective 2015, require lenders to provide a Loan Estimate within 3 business days of receiving a mortgage application.
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