How long does a lender have to provide APR disclosure after a loan application?

The correct answer is three business days. According to the Truth in Lending Act, lenders are required to provide the Annual Percentage Rate (APR) disclosure to borrowers within three business days after the loan application is submitted. This requirement is designed to ensure that consumers have the necessary information about the cost of credit, allowing them to compare loan offers from different lenders effectively. The three-business-day timeframe is crucial for maintaining transparency and fairness in the lending process, allowing borrowers to make informed decisions before proceeding with the loan. This regulation helps protect consumers from potentially misleading loan terms and empowers them with clear and concise financial information.