Finance
Nebraska law requires lenders to provide a good faith estimate of settlement costs under:
AThe Fair Housing Act
BRESPA, which requires a Loan Estimate (under TRID) within 3 business days of loan application✓ Correct
CThe Nebraska Mortgage Lending Act
DThe Community Reinvestment Act
Explanation
RESPA (as updated by TRID) requires lenders to provide a Loan Estimate within 3 business days of receiving a loan application, replacing the former Good Faith Estimate to give borrowers accurate cost projections.
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