Sec. 05.19.01.04. Timing of Notice

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A. The notice required under Regulation .03 of this chapter shall be provided to a borrower within 10 business days after initial application.

B. A lender may require borrower to complete a written application before agreeing to begin processing the loan, if that requirement is explained to the applicant.

C. A lender may not close on a mortgage loan unless the lender has provided the notice required under §A of this regulation.

                    
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