Escrow & Title
The 'closing disclosure' in a Louisiana mortgage transaction must be provided to the borrower at least how many business days before closing?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under the TRID rule (TILA-RESPA Integrated Disclosure), the Closing Disclosure must be provided to the borrower at least 3 business days before loan consummation (closing) to allow review of final loan terms.
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