Finance
Under TRID (TILA-RESPA Integrated Disclosure) rules, within how many business days of application must lenders provide the Loan Estimate?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID, lenders must provide the Loan Estimate within 3 business days of receiving a completed loan application. The Loan Estimate discloses the key loan terms and projected closing costs.
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