107k views
2 votes
If the client submits a loan application, which document should she receive within three business days?

1 Answer

3 votes

Final answer:

The client should receive the Loan Estimate document within three business days of submitting a loan application.

Step-by-step explanation:

If a client submits a loan application, she should receive a document called the Loan Estimate within three business days. The Loan Estimate provides important details about the loan, including the estimated interest rate, monthly payment, and closing costs. It allows the client to compare different loan offers and make an informed decision.

User Ali Ezzat Odeh
by
7.2k points