Get Closing Disclosure - Consumer Financial Protection Bureau - Files Consumerfinance

The Closing Disclosure form provides essential information about the final loan terms and closing costs. It is crucial for users to understand each section of this document to ensure clarity and compliance during the closing process.

Follow the steps to accurately complete your Closing Disclosure.

1. Press the ‘Get Form’ button to access the Closing Disclosure form and open it in your preferred editing tool.
2. Begin by entering the Closing Information. This includes the date issued, closing date, disbursement date, agent details, file number, property address, and sale price.
3. Complete the Borrower and Seller sections with the names and addresses of the parties involved in the transaction.
4. Fill in the Loan Terms section, detailing the loan information such as loan term, purpose, product type, loan type, loan amount, interest rate, and monthly principal & interest.
5. Review the Projected Payments section to include any features of the loan, such as prepayment penalties or balloon payments. Estimate the monthly payments based on the figures provided.
6. Input the Cash to Close amount, which summarizes the expected cash required at the closing of the loan, including any closing costs.
7. Detail the Closing Cost Details in the appropriate section by including origination charges, services, and any taxes and government fees to give a clear picture of all costs.
8. Review summaries of transactions from both the borrower and seller perspectives to ensure accuracy in all entries.
9. Examine the Additional Information About this Loan section, which outlines important details related to loan disclosures and any potential changes in property costs.
10. Finalize the form with contact information for all relevant parties. This includes lenders and brokers. Confirm receipt by adding the necessary signatures and dates.
11. Once all sections have been completed and reviewed, save your changes. You can also download, print, or share the form as needed.

Ensure your closing process is smooth by filling out your documents online with confidence.