Escrow & Title
In Tennessee, a 'good faith estimate' was replaced by the 'Loan Estimate' under TRID. The Loan Estimate must be delivered to the borrower within how many business days of a complete application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID rules, the Loan Estimate must be delivered to the borrower within 3 business days of receiving a completed mortgage loan application.
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