Escrow & Title
What is a 'Closing Disclosure' (CD) and when must it be provided to a buyer?
AA disclosure of the property's defects; provided at inspection
BA form showing all final loan terms and closing costs; provided at least 3 business days before closing under TRID rules✓ Correct
CA disclosure of the title history; provided when escrow opens
DA form disclosing the agent's commission; provided at signing of purchase agreement
Explanation
The Closing Disclosure (CD) is a federally required form (under TRID — TILA/RESPA Integrated Disclosure rules) that shows all final loan terms, monthly payment details, and closing costs. Lenders must provide it to borrowers at least 3 business days before the closing/consummation date.
Related California Escrow & Title Questions
- In California escrow, when a buyer cancels the transaction after all contingencies have been removed, the seller may be entitled to retain:
- What is the difference between an 'owner's title insurance policy' and a 'lender's title insurance policy'?
- In California, who may act as an escrow holder in a real estate transaction?
- Under the California 'race-notice' recording statute, a subsequent buyer is protected if they:
- Recording a deed provides:
- What is the primary function of escrow in a California real estate transaction?
- What is a 'preliminary title report' (prelim)?
- What is a 'grant deed' and what implied warranties does it contain?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →