Trident Land Transfer Company

Title Insurance Solutions for Homebuyers

856-795-4300 - New Jersey

610-889-7660 - Pennsylvania

302-892-6210 - Delaware

☑ ALTA Best Practices Certified

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You are here: Home / The Closing Disclosure, Page 5

The Closing Disclosure, Page 5

After 8-1-2015, the new Closing Disclosure will be the primary settlement document for residential real estate transactions. The new disclosure replaces the familiar HUD-1 and Truth-In-Lending Statement (TIL), combining most of the information from these documents.

The five-page Closing Disclosure does away with the old HUD numbering system, breaking out payments and charges into several sections on three pages and incorporating loan-related disclosures on two additional pages. Here’s a brief summary of each section.

LOAN CALCULATIONS
This section on Page 5 explains the total payments and finance charges including the total interest paid over the loan term as a percentage of the loan amount.
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CONTACT INFORMATION
This section provides complete contact & license information for the Lender, Mortgage Broker and Settlement Agent involved in the transaction. NOTE: The name and contact & license information for both the sellers’ and buyers’ Real Estate Agents is listed here.
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CONFIRM RECEIPT
Only the buyer signs this document and only becomes committed to the loan when the note is signed. (The seller has a separate confirmation of receipt.)
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Closing Disclosure, Page 5

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About Trident

The market leader for more than 30 years, Trident Land Transfer serves buyers, sellers, realtors and attorneys with Title Insurance and Closing Services throughout Pennsylvania, New Jersey and Delaware.

Trident Land Transfer has attained ALTA Best Practices certification from the independent firm RSM US, LLP, which is ranked 5th in the US by Accounting Today.

Awarded through a rigorous 3rd-party audit process, this coveted certification confirms that we meet the preeminent industry standards in providing superior service and expertise to our title and settlement clients.

Contact Us

856-795-4300 - New Jersey

610-889-7660 - Pennsylvania

302-892-6210 - Delaware

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