The FTL act requires that the lender provide a financing statement of the exact closing costs within three days of loan application.

Name: The FTL act requires that the lender provide a financing statement of the exact closing costs within three days of loan application.
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The Truth in Lending Act (TILA) requires lenders to provide a Loan Estimate, not a financing statement, of the estimated closing costs within three days of the loan application.

The FTL Act Requires That the Lender Provide a Financing