The Consumer Financial Protection Bureau (CFPB) has stated, “The creditor must give the Closing Disclosure form to the consumers so that they receive it at least three business days before the consumer closes the loan.”
The American Land Title Association (ALTA) has suggested a total of seven days is needed. There is no specific guidance prohibiting electronic transmission of the Closing Disclosure. However, because not all consumers have access to email, the rule of thumb is to allow for mail delivery time. More...
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