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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule Rate Lock "Box"
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#2041676 - 09/30/15 08:14 PM Rate Lock "Box"
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
How many days are sufficient for the section that states "All other closing costs expire on ........."?

We are set at 30 business days. Is this sufficient?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2041691 - 09/30/15 08:41 PM Re: Rate Lock "Box" mdog76
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Ordinarily, it's ten business days. It's used in connection with 1026.19(e)(3)(iv)(E).
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#2041693 - 09/30/15 08:43 PM Re: Rate Lock "Box" mdog76
CompliantOkie Offline
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CompliantOkie
Joined: Dec 2013
Posts: 425
OOOOOOklahoma
Agree. We've limited ours to 10 business days.

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