Finance
Under Regulation Z (Truth in Lending Act), a lender must disclose the APR to a borrower at least how many business days before closing?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID (TILA-RESPA Integrated Disclosure) rules, the Closing Disclosure containing the APR must be provided to the borrower at least 3 business days before consummation (closing).
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