When must a lender provide the final Closing Disclosure to a borrower?

A lender is required to provide the final Closing Disclosure to a borrower at least three business days before closing. This requirement is established to ensure that borrowers have adequate time to review the terms of their loan and any closing costs associated with the transaction. The three-day review period is designed to enhance transparency and allow borrowers to ask questions or address any concerns prior to finalizing the mortgage agreement. By providing this disclosure in advance, borrowers can make informed decisions and avoid any surprises at closing, thereby fostering a more responsible lending environment.