Does the Seller Receive a Closing Disclosure in Florida?
Does the Seller Receive a Closing Disclosure in Florida?
Quick Answer
Yes – if your Florida home sale involves a mortgage transaction covered by the federal TILA-RESPA Integrated Disclosure rules, or TRID, the settlement agent must provide you with a Closing Disclosure covering your side of the sale. Your disclosure is due no later than the day of consummation, not three business days beforehand. You may receive a separate seller-focused disclosure rather than the same version the buyer receives. In an all-cash sale, TRID does not require a Closing Disclosure, and your closing agent may use an ALTA or custom settlement statement instead. Call me at 941.400.8735 or reach out directly to Michael Renick – I’ll share my approach with you.
Will you receive a Closing Disclosure as a Florida seller?
You must receive a Closing Disclosure covering your side of a Florida sale when the transaction is covered by TRID. That requirement does not apply to every sale, including an all-cash transaction.
Under the Consumer Financial Protection Bureau’s commentary to Section 1026.19(f)(4)(i), the settlement agent must provide the disclosures relating to your transaction and reflecting its actual terms. In plain language, the disclosure must address your side of the sale – not just the buyer’s mortgage.
The CFPB allows two approaches: you may receive the buyer’s Closing Disclosure if it includes the required seller information, or you may receive a separate seller-focused disclosure. A different version from the buyer’s does not, by itself, mean you received the wrong form.
Mike Renick and Eric Teoh represented my husband and myself for both the sale of an existing property and the purchase of a new property. Their knowledge of Longboat Key and property values was exceptional.. The process of closing on both the sale and purchase was flawless. I have not hesitated to recommended them to others.
– Barbara Diznoff, Google Review
When must you receive your seller disclosure?
For a covered transaction, the CFPB’s commentary to Section 1026.19 says your disclosure is due no later than the day of consummation. The Fund’s Florida TRID FAQ describes this as no later than the day of closing and confirms that the borrower’s three-business-day advance rule does not apply to your seller form.
Do not plan your review around an assumed three-day seller waiting period. Before closing, ask the settlement agent when your disclosure will be available and whether you can review it ahead of closing day. The delivery deadline does not promise you an advance review window.
What changes if your buyer pays cash?
An all-cash sale is outside TRID, so that rule does not require a seller Closing Disclosure. The Fund’s Florida TRID FAQ says ALTA-designed forms or custom settlement statements may be used for transactions outside the rule.
TRID also does not cover every mortgage transaction. The CFPB’s compliance guide says it applies to most closed-end consumer credit transactions secured by real property and excludes, among other transactions, home equity lines of credit and reverse mortgages.
Ask your closing agent which document you will receive for your particular sale. For a cash transaction, confirm the document and delivery process rather than assuming the seller Closing Disclosure rules apply.
Mike Renick represented us, in both a sell and buy transection. One of the transactions was complicated as the sell portion of the transaction involved a foreign buyer. Mike arranged that both transactions would close the same day. Which they did without a hitch.
– Lee Diznoff, Google Review
Let’s continue this conversation.
Call me at 941.400.8735 or schedule a 15-minute call. I’ll tell you what I would look for.
Call 941.400.8735 or Schedule a Call
Questions Clients Actually Ask
Who must provide your seller Closing Disclosure?
In a TRID-covered sale, the settlement agent must provide your seller disclosures. The CFPB’s commentary to Section 1026.19 assigns that obligation to the settlement agent and requires the disclosures to reflect the actual terms of your transaction.
Does your disclosure have to match the buyer’s version?
No – in a TRID-covered transaction, your disclosure does not have to be the same version the buyer receives. The CFPB permits a separate seller-focused disclosure or a copy of the buyer’s Closing Disclosure containing the required seller information.
What To Do Right Now
Ask your settlement agent to confirm which seller disclosure or settlement statement you will receive and when you can review it before closing.
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Michael Renick · Licensed Florida Real Estate Broker
License #BK3241900 · Verify on Florida DBPR
Mangrove Realty Associates Inc / Team Renick · Serving Sarasota & Manatee Counties since 2011
About the Author
I’m Michael Renick — a Florida West Coast broker with over 15 years guiding families through some of the biggest decisions of their lives. I’ve built my practice on hard work, honesty, and total transparency. No shortcuts, no spin — just straight answers, deep market knowledge, and the dedication my clients deserve from start to close.
Equal Housing Opportunity. This article is general information only, not legal, tax, insurance, or financial advice. Market conditions, insurance requirements, and costs vary by property and transaction; confirm your specific situation with the appropriate licensed professional. Michael Renick, Licensed Florida Real Estate Broker, License #BK3241900, licensed by the Florida Department of Business and Professional Regulation (DBPR). Mangrove Realty Associates Inc — each office is independently owned and operated.
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