The Closing Disclosure documents the actual terms of your loan transaction. You should receive it no later than 3 business days before consummation. It must be in writing – paper or digital.
If the loan terms or costs change prior to consummation, your lender must provide a corrected disclosure AND an additional 3-business-day waiting period until loan consummation.
Waiving the 3-day waiting period is only permitted in certain circumstances, and only when the waiting period would cause a bona fide personal financial emergency.
Latest posts by TitleTap (see all)
- The difference between Google Ads (PPC) and Organic Search Results (SEO) - October 19, 2022
- A practical guide to market your small law firm when you don’t have much time or budget - October 12, 2022
- The 80/20 guide to local SEO for lawyers - September 8, 2022