The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from: A. The date Abby receives the good faith estimate
CFPB which full meaning is Consumer Financial Protection Bureau is an agency whose roles and responsibility is to protect consumers.
Based on the given scenario the lender have to furnish a copy of the CFPB to the borrower no later than the third business day from the date the borrower receives the good faith estimate.
Therefore the correct option is A.
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The complete question is:
Abby applies for a federally-related loan to purchase a home. The
lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date?
The date Abby receives the good faith estimate.
The date escrow is opened.
The date the lender receives her application.
The date Abby makes the request to receive the booklet.
