The Closing Disclosure, or “CD” as it is often referred to, is the result of new TRID banking regulations that have eliminated the standard Form HUD-1 Statement in an effort to create a more all-inclusive and easier to understand closing statement for home buyers obtaining mortgages. The extent to which the CD achieves this goal is open for debate. However, it is now what the banks will provide to borrowers to disclose loan costs, and we frequently review these disclosures with clients prior to closing to insure that the bank fees being charged are usual and accurate.