The federal Loan Estimate is to be delivered to a borrower:
a. within three business days of receipt of a consumer mortgage application.
b. within three business days of closing.
c. no more than one calendar day before the close of escrow.
d. at least ten business days from the date of the loan commitment.
Answer: a. within three business days of receipt of a consumer mortgage application.
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What is the difference between the vacation benefits for workers offered by the United States and those offered by European countries?
A) The United States offers employees typically up to two weeks of vacation benefits, whereas European countries do not allow employees more than a week's vacation time. B) Employers in most European nations grant vacation benefits to workers but workers in the United States are not allowed any vacation benefits. C) Unlike the United States, most European nations mandate a minimum amount of annual vacation time for employees. D) European countries mandate that employees must work on public holidays to compensate for their vacation, whereas in the United States, workers are granted a minimum paid vacation time.