Finance
Under RESPA, a lender must provide a borrower with the Loan Estimate within how many business days of receiving a completed loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D10 business days
Explanation
RESPA (as amended by TRID) requires lenders to deliver or mail the Loan Estimate to borrowers within 3 business days of receiving a completed loan application.
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