Finance
Which federal law requires lenders to provide a Loan Estimate within three business days of receiving a mortgage application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DHMDA
Explanation
Under TRID rules (effective 2015), lenders must provide a standardized Loan Estimate within 3 business days of receiving the borrower's application, combining TILA and RESPA disclosures.
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