What is the date issued on the closing disclosure form?

The date issued on the closing disclosure form is indeed the date the Closing Disclosure is delivered. This delivery date is significant as it marks when the borrower officially receives the Closing Disclosure, which provides essential details about the final terms and costs of the mortgage loan. According to the regulations under the Truth in Lending Act and the Real Estate Settlement Procedures Act, lenders must ensure that borrowers receive the Closing Disclosure at least three business days before the closing of the loan. This three-day review period is designed to ensure that borrowers have adequate time to review the terms and make informed decisions before the transaction is finalized.

The other options do not accurately reflect the purpose of the date issued on the Closing Disclosure. For example, the day of the loan closing is related to when the loan actually funds but does not indicate when the disclosure was provided to the borrower. Similarly, the day the Closing Disclosure is signed does not align with the regulatory requirements; the focus is rather on when the document is delivered, not when it is signed. Lastly, the date of the loan application is not relevant in this context, as it does not pertain to the disclosure of final terms and costs. Understanding the critical role of the delivery date helps ensure compliance and supports transparency in the mortgage process.