Escrow & Title
In a Nevada transaction, what is a 'closing disclosure' (CD)?
AA NRED form disclosing the property's condition to the buyer
BA federal form (replacing the old HUD-1) that details all final loan terms and closing costs, provided to the borrower at least three business days before closing✓ Correct
CA document disclosing the real estate commission split
DA title company form listing all liens on the property
Explanation
The Closing Disclosure (CD) is required under TRID (TILA-RESPA Integrated Disclosure) rules for most residential mortgage transactions. It must be provided to the borrower at least three business days before closing and shows final loan terms, interest rate, monthly payment, and itemized closing costs. Any material changes after delivery may require a new three-day waiting period.
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