When must a consumer receive a copy of the Tangible Net Benefit Worksheet?

The Tangible Net Benefit Worksheet is a document that helps consumers understand the financial implications of various mortgage options. It is required to be provided at or before closing to ensure that the borrower has all necessary information regarding the benefits of their loan, such as potential savings and the overall impact of loan terms on their financial situation. This timing allows consumers to make informed decisions as they finalize their loan transaction.

Providing this worksheet at closing ensures that consumers have the most accurate and relevant information right before they commit to the mortgage, emphasizing the significance of understanding the net benefits derived from their loan choice. This transparency is crucial for borrowers to evaluate the loan terms and conditions effectively before signing the final documents.

The other options do not align with regulatory requirements or the purpose of the Tangible Net Benefit Worksheet. For example, offering it within three days of application might not provide sufficient information right before closing, and requiring it only upon request does not ensure that all consumers receive it in a timely manner to facilitate informed decision-making.