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Real Estate Licensing NCREC-Broker-N Exam - Topic 4 Question 11 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam

Question #: 11
Topic #: 4

[All NCREC-Broker-N Questions]

Under the provisions of the federal Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), a lender must provide a borrower with the Closing Disclosure at least _________ prior to loan consummation.

A1 business day

B3 business days

C3 calendar days

D7 calendar days

Show Suggested Answer

Suggested Answer: B

TILA-RESPA Integrated Disclosure rules (TRID) require that the Closing Disclosure be delivered to the consumer no later than 3 business days before consummation of the loan. This mandates a three-business-day review period for borrowers before finalizing the loan---making option B correct.

by Jonell at Mar 05, 2026, 10:51 AM

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Avery

15 days ago

Definitely 3 business days, no doubt about it.

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Cathern

20 days ago

I thought it was 3 calendar days?

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Bong

26 days ago

It's 3 business days!

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Thurman

1 month ago

Yeah, TILA is strict about that timeline!

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Rodney

1 month ago

Wait, are you sure? That seems like a short time!

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Stefan

1 month ago

Definitely 3 business days, no doubt about it.

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Anabel

2 months ago

I thought it was 3 calendar days?

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Tu

2 months ago

It's 3 business days!

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Danica

2 months ago

I thought it was 7 calendar days, but that seems too long. I should have reviewed this section more!

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Roxanne

2 months ago

I’m pretty sure it’s 3 business days, but I could be wrong. I need to double-check my notes.

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Benedict

2 months ago

I remember practicing a question about TILA and RESPA, and I feel like the answer was 3 calendar days.

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Han

2 months ago

I think it's 3 business days, but I might be mixing it up with something else we studied.

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