Escrow & Title
The 'closing disclosure' required under TRID must be provided to the borrower at least how many business days before closing?
A1 business day
B2 business days
C3 business days✓ Correct
D5 business days
Explanation
TRID requires that the Closing Disclosure be provided to the borrower at least 3 business days before consummation (closing). This gives borrowers time to review final loan terms and costs and compare them to the Loan Estimate.
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