Federal disclosure forms define the information that creditor businesses MUST provide to consumers applying for real estate loans. As of August 1, 2015 lenders must provide TWO New TRID disclosure forms for the most common kinds of real estate loans.

First, the Loan Estimate. This document covers the key features, costs, and risks of a mortgage loan. For an approved loan, this must be returned to the consumer within 3 business days of loan application. If the loan goes forward, the Closing Disclosure form, which covers key transaction costs, must be delivered at least 3 business days before loan consummation.