In which document can you find the RATE LOCK disclosure?

The RATE LOCK disclosure is found in the Loan Estimate. This document is part of the initial loan disclosures provided to borrowers under the TILA-RESPA Integrated Disclosure rule. It includes essential information about the mortgage loan, such as the estimated interest rate, monthly payment, and any associated costs.

The Loan Estimate includes detailed information about any rate lock agreement the lender has with the borrower, highlighting the terms associated with locking in a specific interest rate. This is crucial for borrowers to understand since it affects their financing costs and the overall affordability of the loan.

Other documents mentioned do not include the RATE LOCK disclosure. For instance, the Closing Disclosure is provided later in the loan process, detailing final loan terms and costs, while the Truth in Lending Statement focuses primarily on the annual percentage rate (APR) and other loan terms rather than rate locks. The Borrower's Agreement generally outlines the terms of the agreement between the borrower and the lender but would not specify the details regarding the RATE LOCK.