Which of the following must a lender provide when a loan application is received?

The correct choice is the Loan Estimate. When a lender receives a loan application, they are required under the Truth in Lending Act (Regulation Z) to provide a Loan Estimate within three business days. This document outlines important details about the loan, including estimated interest rates, monthly payments, and overall costs associated with the loan. The purpose of the Loan Estimate is to help consumers understand the terms of the loan and to facilitate comparison shopping between different lenders.

While other documents like the Loan Agreement and APR Disclosure have their own requirements and timelines in the lending process, the Loan Estimate is specifically mandated to be delivered shortly after a loan application is submitted, making it a crucial component of the initial borrowing process.