Which closing disclosure is only subject to the 3-day delivery requirement?

The Buyer's Closing Disclosure is the document specifically affected by the 3-day delivery requirement. This rule is established by the TILA-RESPA Integrated Disclosure (TRID) regulations, which aim to ensure that buyers have adequate time to review the key financial details of their loan and the final closing costs associated with the transaction before the closing takes place.

This disclosure must be provided to the buyer no less than three business days before consummation of the mortgage loan. This timing allows buyers to thoroughly examine the costs they will incur, compare them with their Loan Estimate, and address any questions or discrepancies with their lender.

While other closing disclosures may be relevant in the transaction, such as those provided to the seller or generated for record-keeping by brokers and attorneys, they do not have the same specific 3-day delivery requirement as the Buyer's Closing Disclosure. Understanding this regulation is crucial for ensuring compliance during the closing process and facilitating an informed purchase for the buyer.