Escrow & Title

A Wyoming buyer at closing receives a 'HUD-1 replacement'—the Closing Disclosure. This document must be provided at least how many business days before closing?

A1 business day
B3 business days✓ Correct
C5 business days
D7 business days

Explanation

Under TRID, the Closing Disclosure must be provided to the buyer at least 3 business days before the consummation of the loan. This gives borrowers time to review the final loan terms and costs and compare them to the Loan Estimate.

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