Finance
Oklahoma's mortgage lenders are required by TILA to provide the Loan Estimate (LE) to borrowers within:
A24 hours of receiving the loan application
B3 business days of receiving a complete loan application, allowing borrowers to compare loan offers and understand costs✓ Correct
C1 business day of application
D30 days of application
Explanation
TRID rules require lenders to provide the Loan Estimate within 3 business days of receiving a complete loan application. The LE provides loan terms, projected monthly payments, and estimated closing costs, enabling borrowers to compare offers.
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