3-Day “Closing Disclosure” Rule Integrated Disclosures ...
[Pages:1](TRID) TILA-RESPA Integrated Disclosures
EFFECTIVE OCTOBER 3, 2015
3-Day "Closing Disclosure" Rule
The Creditor (Lender) must provide the "Closing Disclosure" (CD) to the borrower at least 3 business days before closing.
Acceptable forms of delivery: ? Providing in person ? Mailing, or by other delivery
methods, including email ? Creditors may use electronic
delivery methods subject to compliance with the consumer consent and other applicable provisions of the electronic Signatures in Global and Naonal Commerce Act
"Mailbox" delivery rule: states that the CD must be mailed to consumer at least 6 business days prior to consummaon.
Note: If a federal holiday falls in the three-day period, add a day for disclosure delivery.
Informaon on this handout was obtained from American Land Title Associaon, cfpb
Contact OCT today for more informaon on TRID and for all your tle needs!
The three-day period is measured by days, not hours. Thus, disclosures must be delivered three days before closing, and not 72 hours prior to closing.
Disclosures may also be delivered electronically on the disclosures due date in compliance with E-Sign requirements.
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