Escrow & Title
In South Dakota, a 'closing statement' (HUD-1 or Closing Disclosure) must be provided to the buyer no later than:
AAt closing
B3 business days before closing under TRID rules (for loan transactions)✓ Correct
C30 days after closing
DWhen the title commitment is issued
Explanation
Under TRID (TILA-RESPA Integrated Disclosure) rules for mortgage loans, the Closing Disclosure must be provided to the buyer at least 3 business days before consummation of the transaction.
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