Finance
Under the Truth in Lending Act (TILA), a lender must disclose the Annual Percentage Rate (APR) to a borrower within:
A1 business day of application
B3 business days of receiving a complete loan application✓ Correct
C7 days before closing
DAt the closing table only
Explanation
TILA/RESPA Integrated Disclosure rules require lenders to provide the Loan Estimate (which includes the APR) within 3 business days of receiving a complete loan application.
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