Finance
A Nebraska lender provides a Loan Estimate (LE) within how many business days of receiving a complete loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID (TILA-RESPA Integrated Disclosure), lenders must provide the Loan Estimate within 3 business days of receiving a complete loan application. This gives borrowers time to shop for loans.
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