Finance
Under RESPA, the Loan Estimate must be provided to a mortgage applicant within:
A1 business day of application
B3 business days of receiving a complete loan application✓ Correct
C7 days before closing
DAt the time of closing
Explanation
RESPA requires lenders to provide the Loan Estimate to borrowers within 3 business days of receiving a complete loan application, giving borrowers time to compare loan terms.
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