Finance
Which federal rule requires lenders to provide borrowers with a Loan Estimate within three business days of receiving a loan application?
ARESPA
BTILA
CTRID✓ Correct
DHMDA
Explanation
TRID (TILA-RESPA Integrated Disclosure) rules, effective October 2015, require lenders to provide a Loan Estimate within three business days of a completed loan application.
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