Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of receiving a loan application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DECOA
Explanation
The TRID rule (TILA-RESPA Integrated Disclosure), also known as the 'Know Before You Owe' rule, requires lenders to provide the Loan Estimate within 3 business days of receiving a complete loan application.
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