Illinois mortgage law requires lenders to provide borrowers with:

A verbal estimate has no legal standing under TRID or any federal mortgage disclosure law — lenders are specifically required to provide written, standardized documentation so borrowers can make informed comparisons and hold lenders accountable for cost accuracy.

Waiting until closing to provide cost disclosures would completely defeat the consumer protection purpose of TRID, leaving borrowers with no meaningful opportunity to compare loan terms, negotiate, or walk away before incurring significant financial obligations.

The Good Faith Estimate (GFE) was the predecessor disclosure form used under the old RESPA framework, but it was replaced by the Loan Estimate in October 2015 under TRID; additionally, providing any estimate only at closing — rather than within 3 business days of application — violates federal disclosure timing requirements.