CFPB TRID Sec. 11.2 - How must the Closing Disclosure be delivered?

Compliance > Regulation Z - TILA / TRID Specific > Closing Disclosures
Q:  How must the Closing Disclosure be delivered?
 
A:  To ensure the consumer receives the Closing Disclosure on time, creditors must arrange for delivery as follows:
 
  • By providing it to the consumer in person;
  • By mailing or by other delivery methods, including email. Creditors may use electronic delivery methods, subject to compliance with the consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (15 U.S.C. 7001 et seq.). (Comment 19(f)(1)(iii)-2; § 1026.38(t)(3)(iii))
  • Creditors must ensure that the consumer receives the Closing Disclosure at least three business days prior to consummation. (§ 1026.19(f)(1)(ii)(A))
 
 
This Closing Disclosure / CD information can be found in the CFPB's TILA-RESPA Integrated Disclosure rule compliance guide - http://www.consumerfinance.gov/regulatory-implementation/tila-respa/
 

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