Finance
In South Carolina, a mortgage lender must provide the Loan Estimate to a borrower within how many business days of receiving a complete loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID (TILA-RESPA Integrated Disclosure) rules, which apply in South Carolina as in all states, lenders must deliver the Loan Estimate within 3 business days of receiving a complete application.
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