Finance
Which federal law requires lenders to provide borrowers with a Closing Disclosure at least 3 business days before closing?
ARESPA
BTILA-RESPA Integrated Disclosure rule (TRID)✓ Correct
CEqual Credit Opportunity Act
DNational Housing Act
Explanation
TRID (the TILA-RESPA Integrated Disclosure rule) requires lenders to provide the Closing Disclosure at least 3 business days before closing. TRID also requires the Loan Estimate within 3 business days of application.
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