A borrower submits a loan application on Monday, March 3rd at a lender that is open Monday through Friday. By what date must the lender deliver the Loan Estimate?

Correct answer: Thursday, March 6th

The Loan Estimate must be delivered or placed in the mail no later than 3 business days after receiving the application. For LE delivery, "business day" means any day the creditor is open for substantially all business. Assuming Mon-Fri operation: Tue(1), Wed(2), Thu(3) = delivery by Thursday, March 6th. The application day (Monday) is not counted — counting starts the NEXT business day.days. Mon(1), Tue(2), Wed(3) = delivery by Thursday, March 6th.