Escrow & Title
In Montana, a buyer's right to review the closing disclosure must be respected by ensuring:
AThe CD is provided at the closing table for same-day review
BThe CD is provided at least 3 business days before closing to allow review and comparison to the loan estimate✓ Correct
CThe CD is reviewed only by the buyer's attorney
DThe CD is optional for cash purchases
Explanation
TRID requires the Closing Disclosure to be delivered at least 3 business days before consummation (closing) for most residential mortgage transactions. This gives Montana buyers time to review the final loan terms and costs and compare them to the Loan Estimate before committing to closing.
Related Montana Escrow & Title Questions
- In Montana, a 'satisfaction of mortgage' (deed of reconveyance for a trust deed) should be recorded within how many days after the loan is paid off?
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