RESPA requires lenders to disclose to buyers a good faith estimate of certain closing costs within:

Question

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RESPA (Real Estate Settlement Procedures Act) mandates that lenders must provide borrowers with a good faith estimate of closing costs within three days after the loan application is received. This requirement is designed to give consumers a clear understanding of the costs involved in a mortgage transaction, allowing them to shop for the best deal.

RESPA Requires Lenders to Disclose to Buyers a Good Faith