Real Estate

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Last updated 6:01 PM on 12/28/25
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6 Terms

1
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TILA-RESPA Integrated Disclosure

A regulation that requires lenders to provide borrowers with clear and timely disclosures of loan terms and costs.

2
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Know Before You Owe Rule

A rule that requires lenders to provide a Loan Estimate within three business days of receiving a mortgage application.

3
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Loan Estimate

A document that summarizes key loan terms and estimated loan costs, provided to borrowers shortly after applying for a mortgage.

4
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Closing Disclosure

A document that outlines the final terms of the loan and details the costs associated with closing, provided to borrowers at least three business days before signing.

5
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Mandatory Disclosure Timeline

The required schedule for lenders to provide important disclosures to borrowers at key points in the loan process.

6
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Attorney Review Period

A 3 business-day period during which borrowers can review the contract with an attorney and have the option to cancel or modify the agreement.