The Dodd-Frank Act of 2010 mandated that Mortgage Disclosure Forms become more consumer friendly, and that the borrower have adequate time to review the documents. Well, a mere five years later that will become reality this summer. The main changes are the following. First, the Loan Estimate, which will replace the Truth in Lending statement, must be provided three days after applying for a loan so the borrower has time to shop around. Second, the Disclosure Statement replaces the HUD-1 and must be provided three days before closing, to avoid surprises. For more information, read the entire Realtor.com article.