Closing Disclosure (CD)
The Closing Disclosure is a standardized disclosure document that provides final transaction terms and closing costs for a consumer mortgage. Under the TRID framework, it generally must be provided at least three business days before consummation (closing/consummation as defined in the applicable framework).
- Where it applies
- Federal
- When it comes up
- Closing
- Property types
- Residential consumer mortgage transactions
In practice
"TRID" is a common shorthand for the federal integrated disclosure framework that governs the CD timeline and related disclosures. In operational practice, "CD timing" is a hard constraint that can drive closing-date decisions and the sequencing of last-mile changes (credits, rate locks, fee cures).
Related terms
Closing Process
- Closing (Settlement)
- Contract Deposit (Earnest Money) Escrow
- Escrow
- Escrow Agent
- Estoppel Certificate
- Holdback Escrow
- Loan Estimate (LE)
- Mansion Tax (Additional NYS Transfer Tax)
- Mortgage Recording Tax (NYC)
- NYC Real Property Transfer Tax (RPTT)
General information, not legal, tax or financial advice.