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Mortgage  Question?
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Can you waive three day Closing Disclosure wait period?

I received a new disclosure package from my mortgage lender via email. The email stated that federal law requires that closing cannot be less than three days from viewing the documents. I read elsewhere that there is a waiver of the three day waiting period -- is that true? Is the three day waiting period a stall tactic by the lender?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

According to federal law, a lender must provide a Closing Disclosure, also known as a CD, to the borrower that outlines the final, actual terms of the mortgage at least three business days prior to the close of the mortgage. So the three day waiting period is legally required and not a lender stall tactic. We provide a detailed explanation of the Closing Disclosure on FREEandCLEAR.  You can request to have the waiting period waived but lenders will almost always deny this request due to legal concerns.

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About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

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