Finance
Which federal law requires lenders to provide a Loan Estimate to a mortgage applicant within three business days of application?
ATruth in Lending Act (TILA)
BReal Estate Settlement Procedures Act (RESPA)
CTRID (TILA-RESPA Integrated Disclosure Rule)✓ Correct
DEqual Credit Opportunity Act (ECOA)
Explanation
Under TRID (the TILA-RESPA Integrated Disclosure rule), lenders must provide the Loan Estimate within three business days of receiving a completed mortgage application.
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