Escrow & Title
The RESPA (Real Estate Settlement Procedures Act) requires lenders to provide borrowers with a Closing Disclosure (CD) at least how many business days before closing?
A1 day
B3 days✓ Correct
C5 days
D7 days
Explanation
Under RESPA/TRID rules, lenders must provide the Closing Disclosure (CD) to the borrower at least three business days before consummation of the loan (closing).
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