The new Closing Disclosure (CD) is now issued by the lender to the buyer. The normal procedure is the lender gets evidence from the buyer of receipt of the CD and then the buyer is allowed to sign loan documents 3 days later. Sunday and holidays do not count in the three day waiting period and the waiting period cannot be waived. If the lender just mails the CD to the buyer and gets no evidence of receipt, the waiting period is 6 days. The Title company will then draw up a combined closing statement for all parties once the CD is received from the lender. This combined closing statement, which has different names at different Title companies, is similar to the previous HUD-1 settlement statement.