What law says that borrowers must receive a good faith estimate of the closing costs within three business days of the loan application?

The answer is the Real Estate Settlement Procedures Act or RESPA. This act was intended to defend possible property holders and allow them to become more intelligent consumers. RESPA necessitates that creditors provide bigger amounts of information to potential borrowers at certain points in the loan settlement process. It also forbids the innumerable parties involved from paying kickbacks to each other.

answer; comparing the additional benefits and costs;