Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of a mortgage application?
AEqual Credit Opportunity Act (ECOA)
BRESPA / TRID (TILA-RESPA Integrated Disclosure)✓ Correct
CFair Housing Act
DHome Mortgage Disclosure Act
Explanation
The TILA-RESPA Integrated Disclosure (TRID) rules require lenders to provide a Loan Estimate within 3 business days of receiving a completed mortgage application, giving borrowers key loan terms and cost estimates.
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