law
A standardized three-page form that a lender must give a consumer within three business days after receiving a mortgage application under the TILA-RESPA Integrated Disclosure rule. It shows the estimated interest rate, monthly payment, closing costs, and other key loan terms, helping borrowers compare offers. Certain fees are limited in how much they can increase at closing.
Answer: C. The Loan Estimate must be delivered or placed in the mail within 3 business days of application, and generally at least 7 business days before consummation. The 3-business-day period before consummation applies to the Closing Disclosure, which is the tempting confusion.
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Last verified: 2026-10-23