Finance
Which federal law requires lenders to provide Missouri borrowers with a Loan Estimate within 3 business days of loan application?
ARESPA
BTILA-RESPA Integrated Disclosure (TRID) Rule✓ Correct
CECOA
DHMDA
Explanation
The TRID rule (combining TILA and RESPA) requires lenders to provide the Loan Estimate within 3 business days of a mortgage application. This replaced the Good Faith Estimate and early Truth-in-Lending disclosure.
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