Finance
In Virginia, the Loan Estimate required under TILA/RESPA must be provided to a borrower within how many business days of the loan application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under the TILA-RESPA Integrated Disclosure (TRID) rule, lenders must provide the Loan Estimate to borrowers within 3 business days of receiving a complete loan application.
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