Escrow & Title
In Tennessee, RESPA requires that borrowers receive a Loan Estimate within how many business days of a completed loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under RESPA (and TRID), lenders must provide the Loan Estimate to borrowers within 3 business days of receiving a completed loan application.
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