Finance
Under TRID, the Loan Estimate must be provided to the borrower no later than:
AThe day of loan approval
BThree business days after the loan application is received✓ Correct
CSeven business days before closing
DAt closing
Explanation
Under TRID, lenders must provide the Loan Estimate within three business days of receiving a completed loan application and at least seven business days before consummation (closing).
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