Under TRID, which party is responsible for delivering the Closing Disclosure to the borrower?

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

Answer: (C)

TRID requires the Closing Disclosure to be delivered to the borrower by the lender. This ensures the borrower has at least three business days to review the loan terms, projected payments, and closing costs before closing. While a settlement agent like a title company or an escrow provider may handle the delivery, the obligation originates with the lender and the creditor who is extending the loan. The borrower is the recipient of the disclosure, not the deliverer, and the real estate agent’s or title company’s role is to facilitate the process rather than provide the required disclosure from the lender.