Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within three business days of receiving a loan application?
ARESPA
BECOA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DHMDA
Explanation
TRID (TILA-RESPA Integrated Disclosure) rules require lenders to provide a Loan Estimate within three business days of a completed loan application, giving borrowers clear information about loan costs.
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