Finance
Which federal rule requires lenders to provide Wyoming borrowers with a Loan Estimate within three business days of receiving a loan application?
ARESPA
BTILA
CTRID (TILA-RESPA Integrated Disclosure rule)✓ Correct
DECOA
Explanation
The TRID rule (TILA-RESPA Integrated Disclosure) requires lenders to provide a Loan Estimate within three business days of receiving a completed loan application. TRID replaced the old GFE (Good Faith Estimate) and Truth-in-Lending disclosure forms.
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