Under TRID rules, who is responsible for providing the Closing Disclosure to the borrower?

• A. The lender
• B. The real estate agent
• C. The title company
• D. The borrower

Answer: (A)

Under TRID, the Closing Disclosure is provided by the lender (or by a settlement agent acting on behalf of the lender) to the borrower because it contains the final loan terms and settlement costs and must be delivered at least three business days before closing. This requirement ensures the borrower has ample time to review the exact numbers and compare them to the initial disclosures. The real estate agent and the title company handle other parts of the closing process, but the obligation to deliver the Closing Disclosure rests with the lender. If any changes occur, a revised Closing Disclosure must be provided with a new three-business-day review period before closing.