Finance (alternative)
Under RESPA in Maryland, a lender must provide the Loan Estimate (LE) within how many business days of a complete loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
RESPA/TRID requires the Loan Estimate to be provided within 3 business days of receiving a complete application (6 items: name, income, SSN, property address, estimated value, and loan amount).
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