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#2030453 - 07/29/15 02:41 PM APR changed
mdog76 Offline
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Joined: Jan 2007
Posts: 645
If the APR lowers from the early disclosure to final, is redisclosure needed and a new three day waiting period required?

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Lending Compliance
#2030490 - 07/29/15 04:11 PM Re: APR changed mdog76
mdog76 Offline
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Joined: Jan 2007
Posts: 645
As an update, I just found out that the officer lowered the origination charge. That's what lowered the APR.

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#2030626 - 07/29/15 09:05 PM Re: APR changed mdog76
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
IF the FC and APR were lowered together (as you describe), then no new disclosure and no new waiting period is triggered.
_________________________
David Dickinson
http://www.bankerscompliance.com

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#2030707 - 07/30/15 02:05 PM Re: APR changed mdog76
mdog76 Offline
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Joined: Jan 2007
Posts: 645
Thank you for the help.

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