Finance
The 'loan estimate' under TRID must be provided to the borrower within:
A1 business day of application
B3 business days of receiving a completed loan application✓ Correct
C10 days of the purchase contract being signed
D5 business days before closing
Explanation
TRID (TILA-RESPA Integrated Disclosure) requires lenders to provide the Loan Estimate to the borrower within 3 business days of receiving a completed loan application. The Loan Estimate discloses loan terms, projected monthly payments, and estimated closing costs.
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