Finance
Under TRID rules (TILA-RESPA Integrated Disclosure), what is the maximum number of business days before closing that a borrower must receive the Closing Disclosure?
A1 business day
B3 business days✓ Correct
C5 business days
D7 business days
Explanation
TRID requires that the Closing Disclosure be provided to the borrower at least 3 business days before loan consummation (closing). This gives borrowers time to review the final loan terms.
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