Which document outlines the borrowers' rights regarding the loan process?

The document that outlines the borrowers' rights regarding the loan process is known as the Borrower's Right Disclosure Statement. This document provides critical information to borrowers about their rights, ensuring they are informed about the mortgage process and what protections are available to them. It typically includes details such as the right to receive certain disclosures, the right to cancel a loan within a specific period, and various consumer protections.

While the Truth in Lending Disclosure, Loan Estimate, and Closing Disclosure contain important information related to the loan, they do not specifically focus on outlining the borrowers' rights. The Truth in Lending Disclosure provides details on the cost of credit and terms of the loan, the Loan Estimate gives a breakdown of estimated costs and terms before consummation, and the Closing Disclosure details the final costs and terms at closing. However, none of these documents specifically enumerate the rights of the borrower in the loan process itself as distinctly as the Borrower's Right Disclosure Statement does.