---
title: "What Is a Closing Disclosure? Meaning & Example | MCC"
description: "A document that lists final loan terms and closing costs for a mortgage. A worked example, how it differs from a right of rescission and common mistakes."
url: "https://mcc-solutionsnj.com/notary/glossary/closing-disclosure"
---

Notary glossary

# What is a closing disclosure?

A document that lists final loan terms and closing costs for a mortgage.

By [Matthew Coleman](/about), MCC Solutions

✓ New Jersey commissioned notary, no. 50244803, insured for errors and omissions. [See the credentials](/about/credentials)

## In plain English

Borrowers receive it before closing. A signing agent does not explain it but can point to where to sign.

Have a closing coming up? [The closing package (signing, scanbacks and courier)](/notary/packages/closing-package).

Questions about numbers go to the lender.

## Why it matters

The Closing Disclosure shows the final numbers, including how much cash you need. Surprises at the table can delay a closing if questions are not answered before the appointment.

Because the signing agent cannot explain the numbers, borrowers who review it early with their lender avoid a stalled signing.

## Worked example

A borrower reads the Closing Disclosure, notes the cash needed at closing and asks the lender about one fee.

## What to do

- Read it as soon as you receive it.
- Compare it with your earlier loan estimate.
- Call the lender about any fee or term you do not understand.
- Confirm the cash to close and how to pay it.
- Bring your copy to the signing in case you want to refer to it.

## Common mistakes

- Waiting until the signing to read it can mean an unanswered question stops the appointment.
- Wiring funds based on an old number can cause a shortfall at closing.
- Expecting the signing agent to explain fees leads to delay because the agent must refer you to the lender.

## Not the same as: Right of rescission

The Closing Disclosure lists final terms and costs, while the right of rescission gives certain borrowers a short window to cancel after signing. [See Right of rescission](/notary/glossary/right-of-rescission).

## Go deeper

- [How to Read Your Closing Disclosure Page by Page](/notary/guides/how-to-read-your-closing-disclosure): A practical page-by-page guide to the five-page Closing Disclosure: loan terms, costs, cash to close, and the items to compare against your Loan Estimate.
- [What Buyers Sign at Closing: The Buyer Package](/notary/guides/buyer-signing-package-what-buyers-sign): The documents a home buyer signs at closing: Closing Disclosure, note, mortgage, occupancy and escrow forms, and the few pages buyers most often misunderstand.

## Related terms

- [Commission](/notary/glossary/commission): The official authority a state gives a person to act as a notary for a set term.
- [Conflict of interest](/notary/glossary/conflict-of-interest): A situation where the notary benefits from the transaction or is a party to it, making the notarization improper.
- [Certified translation](/notary/glossary/certified-translation): A translation with a signed statement from the translator that it is complete and accurate.

## Common questions

**What is a closing disclosure?**

A document that lists final loan terms and closing costs for a mortgage.

**Can you give an example of closing disclosure?**

A borrower reads the Closing Disclosure, notes the cash needed at closing and asks the lender about one fee.

**What if the numbers changed since my loan estimate?**

Ask your lender to explain the changes before signing.

**Do I sign the Closing Disclosure at the table?**

Often there is a signature to show receipt. The signing agent will show where, but questions about its content go to the lender.

General information, not legal advice. Rules vary by state and change; check with your state's commissioning office.

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### Loan Signing Cheat Sheet

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