Finance
Which federal law requires lenders to provide a Loan Estimate to borrowers within three business days of a mortgage application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DECOA
Explanation
TRID (the TILA-RESPA Integrated Disclosure rule, known as 'Know Before You Owe') requires lenders to provide a Loan Estimate within three business days of a completed mortgage application.
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