When must the closing disclosure be delivered to the borrower?

The closing disclosure must be delivered to the borrower at least three days before the loan closing. This timing is critical as it provides borrowers with sufficient opportunity to review the final terms and costs of the mortgage. The three-day window is designed to ensure that borrowers have adequate time to understand the financial obligations they are undertaking and to ask questions about any aspects of the mortgage they may not fully comprehend.

This requirement aims to promote transparency and informed decision-making in the home-buying process. By receiving the closing disclosure in advance, borrowers can compare these terms against their initial loan estimate and ensure that there are no unexpected changes that could affect their financial situation.