Finance
Washington borrowers who receive a Loan Estimate must receive it within how many business days of submitting a complete mortgage application?
A1 business day
B3 business days✓ Correct
C5 business days
D7 calendar days
Explanation
Under TRID (TILA-RESPA Integrated Disclosure rules), lenders must provide the Loan Estimate within 3 business days of receiving a complete loan application. This gives borrowers time to review and compare loan terms.
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