Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of receiving a loan application?
AA. RESPA
BB. TILA-RESPA Integrated Disclosure (TRID)✓ Correct
CC. ECOA
DD. HMDA
Explanation
The TRID rule (TILA-RESPA Integrated Disclosure) requires lenders to provide a Loan Estimate within 3 business days of application, consolidating disclosure requirements.
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