Under TRID, what is the primary purpose of the Closing Disclosure and when must it be delivered?

• A. It outlines final loan terms and costs and must be delivered at least three business days before closing.
• B. It lists the lender's contact information and must be delivered after closing.
• C. It explains the loan's adjustable-rate schedule and must be delivered on the closing date.
• D. It provides only an estimated payment amount with no timing requirement.

Answer: (A)