Finance
A Maine lender must provide which document to the buyer within 3 business days of receiving a mortgage application?
AThe Closing Disclosure
BThe Loan Estimate (LE)✓ Correct
CThe Truth-in-Lending statement
DThe Good Faith Estimate
Explanation
Under the CFPB's TRID rules (TILA-RESPA Integrated Disclosure), lenders must provide the Loan Estimate within 3 business days of receiving a complete loan application, providing the borrower with estimated loan terms and closing costs.
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