Finance
Under Maine law, a residential mortgage lender must provide a borrower the Closing Disclosure how many business days before consummation?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under the CFPB's TRID rules, the Closing Disclosure must be provided to the borrower at least 3 business days before loan consummation (closing), giving the borrower time to review final loan terms.
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