After closing · Regulation Z (TRID)Corrected Closing Disclosure after closing: the 30-day and 60-day rules, and the seller's CD

The Closing Disclosure isn't always final at the closing table. Regulation Z (12 CFR 1026.19(f)) sets three post-closing deadlines for the buyer's disclosure. If, during the 30 days after consummation, an event connected with the settlement makes the Closing Disclosure inaccurate and changes an amount the buyer actually paid – a recording fee that came in different, for example – the creditor must deliver or mail a corrected Closing Disclosure within 30 days after receiving enough information to establish the event. Non-numeric clerical errors don't violate the rule if a corrected disclosure goes out within 60 days after consummation. And if the buyer paid more than the tolerance limits allow, the creditor complies by refunding the excess and sending a corrected disclosure reflecting the refund within 60 days after consummation. The creditor or servicer may not charge anyone for preparing or delivering the Closing Disclosure, and the amount charged for a settlement service can't exceed what the provider actually received, except for a properly calculated average charge – never used for insurance or for charges based on the loan amount or property value. The seller gets a Closing Disclosure too: in a transaction with a seller, the settlement agent must give the seller the disclosures for the seller's side, reflecting its actual terms, no later than the day of consummation; if a post-closing event within 30 days changes what the seller paid, the settlement agent sends corrected disclosures within 30 days of learning of it, and when the seller's disclosure is a separate document, the settlement agent gives the creditor a copy.