According to the Truth in Lending Act, all of the following disclosures are owed to the borrower within three business days after the receipt of a completed loan application except:

Insurance

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According to the Truth in Lending Act, all of the following disclosures are owed to the borrower within three business days after the receipt of a completed loan application except:

A. Truth in Lending Disclosure Statement

B. Affiliated Business Arrangement Disclosure

C. When Your Home is on the Line Booklet for HELOCs

D. CHARM Booklet for ARMS

Answer: B. Affiliated Business Arrangement Disclosure

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