When will I receive a settlement statement (closing disclosure) for my residential closing?

The settlement statement, which for any bank-funded residential purchase is called a "closing disclosure," must be prepared by the lender and circulated at least three business days prior to the closing. On a cash deal, the settlement statement is prepared by the settlement agent, which in almost all cases is the purchaser's attorney's office, and typically the statement is not completed and circulated until one or two days before the scheduled closing date.