Escrow & Title
Under the RESPA (Real Estate Settlement Procedures Act), a Kentucky lender must provide a Loan Estimate to a borrower within:
A1 business day of loan application
B3 business days of loan application✓ Correct
C5 business days of loan application
D7 business days before closing
Explanation
Under RESPA, lenders must provide borrowers with a Loan Estimate within 3 business days of receiving a loan application.
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