What document must be provided to a loan applicant within three days of receiving a loan application under RESPA?

Within three days of receiving a loan application, a lender is required to provide a Loan Estimate to the loan applicant under the Real Estate Settlement Procedures Act (RESPA). This document outlines the estimated terms and costs associated with the mortgage loan, giving borrowers a clear understanding of what to expect financially.

The Loan Estimate is crucial as it not only includes anticipated interest rates and monthly payments but also additional fees associated with the loan, allowing applicants to compare different loan offers effectively. This helps ensure transparency in the lending process and protects consumers from unexpected costs.

Other documents like a credit report or tax disclosures might be relevant in the lending process but are not mandated to be provided within that specific three-day window after the loan application has been submitted. A property listing pertains to the real estate aspect rather than the loan procedure and is not required by RESPA in this context. Therefore, the correct choice reflects the regulatory requirements set forth to enhance clarity and consumer protection in real estate transactions.