Braun GmbH (helpÂ·info) (. [bÊaÊn] , commonly pronounced as braun in English), formerly Braun AG, is a German consumer products company based in Kronberg. From 1984 until 2007, Braun was a wholly owned subsidiary of The Gillette Company, which had purchased a controlling interest in the company in 1967.
The consumer must receive the Closing Disclosure form no later than three business days before. consummation. A settlement agent may provide the Closing Disclosure on the creditor's behalf and. responsibilities for completion are permitted to be divided between the settlement agent and creditor. The Closing Disclosure must be re-disclosed if changes subsequently occur causing the Disclosure to. become inaccurate.
The new HUD-1 Closing Disclosure is a longer and more involved form, but it basically just reorganizes all of the information now contained in the current 3 page HUD-1 Settlement Statement, and it appears to be easier to read and explain at the closing table.