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#195052 - 05/28/04 01:04 PM Rate Reservation Letters
Lavender Offline
Gold Star
Lavender
Joined: Jun 2003
Posts: 335
Good Morning and Happy Memorial Day!

Does anyone know if we are out of compliance (per any reg or law) if we do not send a rate reservation letter out in a certain number of days?

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Lending Compliance
#195053 - 05/28/04 01:17 PM Re: Rate Reservation Letters
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Are you talking about a rate lock confirmation? You would have to look at State law or regulation for the answer.
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