Finance
Under TRID, if a significant rate change requires a revised Loan Estimate, the lender must deliver the revised LE to the borrower at least how many business days before consummation?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
Under TRID, a revised Loan Estimate must be received by the borrower at least 3 business days before consummation of the transaction, giving time to review changed terms.
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