where does the liability after foreclosure appear on the cd?

13 hours ago 1
Nature

The liability after foreclosure appears on the Closing Disclosure (CD) under the section titled "Liability after Foreclosure." This section includes a brief statement about whether the consumer may remain responsible for any deficiency after foreclosure under applicable state law. It also covers the conditions under which liability may occur and mentions that certain protections may be lost if the consumer refinances or takes on additional debt on the property. Consumers are advised to consult an attorney for additional information. This disclosure is required on every Closing Disclosure form and reflects the varying state laws related to deficiency liability after foreclosure.