Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within three business days of a loan application?
ATruth in Lending Act (TILA)
BRESPA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DEqual Credit Opportunity Act
Explanation
TRID (the TILA-RESPA Integrated Disclosure rule) requires lenders to provide a Loan Estimate within three business days of receiving a completed loan application.
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