12 CFR §1026.38 — Content of disclosures for certain mortgage transactions (Closing Disclosure)
Regulation Z §1026.38 prescribes the content of the TRID Closing Disclosure (form H-25): general information, loan terms, projected payments, costs at closing, closing-cost details, calculating cash to close, summaries of borrower's and seller's transactions, AP and AIR tables (when applicable), loan-disclosures sections, loan- calculations, other disclosures, and contact information.
Verbatim regulatory text
Verbatim provisions from 12 CFR §1026.38 — Content of disclosures for certain mortgage transactions (Closing Disclosure) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §1026.38 — Content of disclosures for certain mortgage transactions (Closing Disclosure)
For each transaction subject to § 1026.19(f) , the creditor shall disclose the information in this section:
12 CFR §1026.38(a)(3) — Closing Information block
(3) Closing information. Under the heading “Closing Information”:
12 CFR §1026.38(b) — Loan Terms table (mirrors §1026.37(b))
(b) Loan terms. A separate table under the heading “Loan Terms” that includes the information required by § 1026.37(b) .
12 CFR §1026.38(f) — Closing cost details: Loan Costs
(f) Closing cost details; loan costs. Under the master heading “Closing Cost Details” with columns stating whether the charge was borrower-paid at or before closing, seller-paid at or before closing, or paid by others, all loan costs associated with the transaction, listed in a table under the heading “Loan Costs.” The table shall contain the items and amounts listed under four subheadings, described in paragraphs (f)(1) through (5) of this section.
12 CFR §1026.38(g) — Closing cost details: Other Costs
(g) Closing cost details; other costs. Under the master heading “Closing Cost Details” disclosed pursuant to paragraph (f) of this section, with columns stating whether the charge was borrower-paid at or before closing, seller-paid at or before closing, or paid by others, all costs in connection with the transaction, other than those disclosed under paragraph (f) of this section, listed in a table with a heading disclosed as “Other Costs.” The table shall contain the items and amounts listed under five subheadings, described in paragraphs (g)(1) through (6) of this section.
12 CFR §1026.38(d) — Costs at Closing table
(d) Costs at closing —(1) Costs at closing table. In a separate table, under the heading “Costs at Closing”:
12 CFR §1026.38 — Content of disclosures for certain mortgage transactions (Closing Disclosure) — enumerated items (chapeau recall fix)
(a) General information —(1) Form title. The title of the form, “Closing Disclosure,” using that term.
12 CFR §1026.38(a)(3) — Closing Information block — enumerated items (chapeau recall fix)
(i) Date issued. The date the disclosures required by this section are delivered to the consumer , labeled “Date Issued.” (ii) Closing date. The date of consummation, labeled “Closing Date.” (iii) Disbursement date. The date the amount disclosed under paragraph (j)(3)(iii) (cash to close from or to borrower) or (k)(3)(iii) (cash from or to seller) of this section is expected to be paid in a purchase transaction under § 1026.37(a)(9)(i) to the consumer or seller, respectively, as applicable, except as provided in comment 38(a)(3)(iii)-1, or the date some or all of the loan amount disclosed under paragraph (b) of this section is expected to be paid to the consumer or a third party other than a settlement agent in a transaction that is not a purchase transaction under § 1026.37(a)(9)(i), labeled “Disbursement Date.” (iv) Settlement agent. The name of the settlement agent conducting the closing, labeled “Settlement Agent.” (v) File number. The number assigned to the transaction by the settlement agent for identification purposes, labeled “File #.” (vi) Property. The address or location of the property required to be disclosed under § 1026.37(a)(6) , labeled “Property.” (vii) Sale price. (A) In credit transactions where there is a seller, the contract sale price of the property identified in paragraph (a)(3)(vi) of this section, labeled “Sale Price.” (B) In credit transactions where there is no seller, the appraised value of the property identified in paragraph (a)(3)(vi) of this section, labeled “Appraised Prop. Value.”
12 CFR §1026.38(d) — Costs at Closing table — enumerated items (chapeau recall fix)
(i) Labeled “Closing Costs,” the sum of the dollar amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(i) of this section includes the amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section; (B) The dollar amount disclosed pursuant to paragraph (f)(4) of this section, labeled “Loan Costs”; (C) The dollar amount disclosed pursuant to paragraph (g)(5) of this section, labeled “Other Costs”; (D) The dollar amount disclosed pursuant to paragraph (h)(3) of this section, labeled “Lender Credits”; and (E) A statement referring the consumer to the tables disclosed pursuant to paragraphs (f) and (g) of this section for details. (ii) Labeled “Cash to Close,” the sum of the dollar amounts calculated in accordance with paragraph (i)(9)(ii) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(ii) of this section includes the amount disclosed pursuant to paragraph (d)(1)(i) of this section; and (B) A statement referring the consumer to the table required pursuant to paragraph (i) of this section for details.