Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate (LE) within three business days of receiving a mortgage application?
ARESPA
BTILA
CTRID (combining TILA and RESPA)✓ Correct
DECOA
Explanation
TRID (TILA-RESPA Integrated Disclosure rule) requires lenders to provide the Loan Estimate within three business days of receiving a completed loan application.
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