Escrow & Title
In Kansas, what is a 'closing disclosure' (CD)?
AA deed delivered at closing
BA standardized federal form that provides final, itemized details of the loan terms and closing costs, provided to buyers at least 3 business days before closing✓ Correct
CA title insurance policy
DA property condition disclosure
Explanation
The Closing Disclosure (CD) replaced the HUD-1 Settlement Statement. Federal law requires lenders to provide it to borrowers at least 3 business days before closing, detailing all loan terms and costs.
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