Under TRID, if a lender delivers the Closing Disclosure by mail rather than in person or electronically with confirmed receipt, when is the borrower presumed to have received it for purposes of the 3-business-day waiting period?

Explanation

When the Closing Disclosure is mailed, TRID presumes the borrower received it three business days after it is placed in the mail, so the additional 3-business-day waiting period is measured from that presumed receipt. Same-day receipt is only presumed for in-person or confirmed electronic delivery. Seven business days is unrelated, and the rule uses a presumption rather than the actual signature date unless earlier receipt is shown.