Finance
Under Regulation Z (TILA), Montana lenders must provide the loan estimate to a borrower within how many business days of receiving a completed loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Regulation Z (implementing TILA) requires lenders to provide the Loan Estimate to borrowers within 3 business days of receiving a completed loan application. The Loan Estimate discloses key loan terms and estimated closing costs.
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