Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of receiving a loan application?
ARESPA
BTILA/RESPA Integrated Disclosure (TRID)✓ Correct
CECOA
DHMDA
Explanation
TRID (TILA-RESPA Integrated Disclosure rules) requires lenders to provide a Loan Estimate within 3 business days of receiving a completed loan application.
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