Finance
Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure)✓ Correct
DECOA
Explanation
The TRID rule (TILA-RESPA Integrated Disclosure) requires lenders to provide a Loan Estimate within 3 business days of receiving a mortgage loan application.
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