Finance
Under federal RESPA rules applicable in Pennsylvania, a Good Faith Estimate (now Loan Estimate) must be provided to the borrower within:
A24 hours of application
B3 business days of receiving a complete loan application✓ Correct
C7 days before closing
DAt the time of loan approval
Explanation
Under RESPA/TILA-RESPA Integrated Disclosure (TRID) rules, lenders must deliver the Loan Estimate within 3 business days of receiving a complete mortgage application. This replaced the Good Faith Estimate for applications on or after October 3, 2015.
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