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#1761947 - 11/28/12 09:30 PM Lender quoted wrong rate
Newbie06 Offline
Platinum Poster
Joined: Mar 2006
Posts: 717
Would we have to re-disclose if the lender provided the customer with the incorrect rate? The rate is actually lower than what was quoted. The preliminary TIL disclosure was reissued due to the rate and payment changing but should we re-disclose the EGFE as well?

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#1761958 - 11/28/12 09:51 PM Re: Lender quoted wrong rate Newbie06
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 83,039
Galveston, TX
It is not required. Two things trigger a new GFE - a rate lock or a change of circumstance that causes fees to rise.
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