Finance
Which federal law requires lenders to provide the Loan Estimate form within 3 business days of receiving a mortgage application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure Rule)✓ Correct
DFIRREA
Explanation
The TRID rule (TILA-RESPA Integrated Disclosure) requires lenders to provide the Loan Estimate within 3 business days of receiving a completed loan application and the Closing Disclosure at least 3 business days before closing.
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