FinancingMEDIUM
The Closing Disclosure required by TILA-RESPA Integrated Disclosure (TRID) rules must be provided to the borrower at least:
Correct Answer
B) 3 business days before closing
Under TRID rules, the Closing Disclosure must be provided at least 3 business days before closing. This gives borrowers time to review final loan terms and costs before consummation of the loan.
Answer Options
A
24 hours before closingB
3 business days before closingC
5 business days before closingD
7 business days before closingVideo Explanation2 min
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