Finance
Which federal law requires lenders to provide a Loan Estimate to mortgage applicants within three business days of application?
ARESPA
BTILA-RESPA Integrated Disclosure (TRID)✓ Correct
CEqual Credit Opportunity Act
DFair Credit Reporting Act
Explanation
The TILA-RESPA Integrated Disclosure (TRID) rule requires lenders to provide a Loan Estimate within three business days of receiving a complete mortgage application.
Related Iowa Finance Questions
- A jumbo loan in Iowa differs from a conforming loan because:
- An Iowa home buyer with a VA loan asks whether they need a down payment. The correct answer is:
- Iowa's HMDA (Home Mortgage Disclosure Act) reporting requirements help the public and regulators identify:
- Iowa's Homestead Tax Credit reduces property taxes for:
- The Iowa Finance Authority (IFA) First Home Program provides:
- Iowa's redemption period after a judicial foreclosure sheriff's sale allows the defaulting borrower to:
- Iowa's Iowa Bankers Association real estate lending guidelines encourage banks to maintain:
- Iowa's usury laws historically set limits on:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →