Finance
A Maine mortgage lender is required to provide the buyer with a Loan Estimate within how many business days of receiving a complete loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under RESPA/TILA (the TRID rules), lenders must provide borrowers with a Loan Estimate within 3 business days of receiving a complete loan application.
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