Finance
RESPA (Real Estate Settlement Procedures Act) requires Vermont lenders to provide borrowers with:
AA guaranteed interest rate
BA Loan Estimate within 3 business days of application and a Closing Disclosure 3 business days before closing✓ Correct
CA title insurance binder at application
DAn appraisal waiver option
Explanation
RESPA, as amended by TRID (TILA-RESPA Integrated Disclosure) rules, requires lenders to provide the Loan Estimate within 3 business days of application and the Closing Disclosure at least 3 business days before closing.
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