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

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.
B) 3 business days
A) 1 business day
C) 3 calendar days
D) 7 calendar days

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.

Show Suggested Answer Hide 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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Gwenn
2 hours ago
I thought it was 3 calendar days?
upvoted 0 times
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Gertude
5 days ago
It's 3 business days!
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Claudio
10 days ago
Yup, 3 business days is the rule!
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Clay
16 days ago
Wait, are you sure? That seems like a short time!
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Avery
2 months ago
Definitely 3 business days, no doubt about it.
upvoted 0 times
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Cathern
2 months ago
I thought it was 3 calendar days?
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Bong
2 months ago
It's 3 business days!
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Thurman
3 months ago
Yeah, TILA is strict about that timeline!
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Rodney
3 months ago
Wait, are you sure? That seems like a short time!
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Stefan
3 months ago
Definitely 3 business days, no doubt about it.
upvoted 0 times
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Anabel
3 months ago
I thought it was 3 calendar days?
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Tu
3 months ago
It's 3 business days!
upvoted 0 times
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Danica
3 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
4 months ago
I’m pretty sure it’s 3 business days, but I could be wrong. I need to double-check my notes.
upvoted 0 times
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Benedict
4 months ago
I remember practicing a question about TILA and RESPA, and I feel like the answer was 3 calendar days.
upvoted 0 times
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Han
4 months ago
I think it's 3 business days, but I might be mixing it up with something else we studied.
upvoted 0 times
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