What is the required disclosure timeline under TRID for Closing Disclosure?

• A. The Closing Disclosure is provided after closing.
• B. The Closing Disclosure may be provided at any time.
• C. The Closing Disclosure must be provided to the borrower at least three business days before closing.
• D. The Closing Disclosure is optional.

Answer: (C)

Under TRID, the Closing Disclosure must be delivered to the borrower at least three business days before closing. This waiting period gives the borrower time to review the final loan terms, compare them with the Loan Estimate, and ask questions before committing to the loan. The three days are counted from when the borrower receives the Disclosure (or when it is mailed, if that’s how it’s delivered) and they are only counted on business days. If any changes to terms or costs require a new disclosure, another three business days must pass before closing. This requirement ensures the borrower has a meaningful window to understand the final costs and terms.