Under TRID, when must the Loan Estimate (LE) be provided to the borrower?

• A. On the closing date.
• B. After the loan funds.
• C. Within 3 business days of loan application.
• D. Within 5 business days of application.

Answer: (C)

Under TRID, the Loan Estimate must be provided within three business days after the creditor receives a complete loan application. A complete application includes the borrower's name, income, requested loan amount, property address, estimated property value, and Social Security number (or ITIN). The clock starts when those six items are in the lender’s possession and the application is considered received. The LE can be delivered electronically, in person, or by mail, but it must reach the borrower within the end of that three-business-day window. This timing gives borrowers early, transparent information about costs and terms so they can compare options before moving forward. The other timing options don’t meet TRID requirements.