Similar to Rol Tyde's question below..... Research does not turn up any answers for this seemingly simple issue.
Assuming no 3-day tolerance issues arise, but something changes requiring us to issue a revised closing disclosure. What day can we close? Monday? Tuesday?
On Monday - we notice something requiring the change and update the closing disclosure. We call the customer the same day and tell them we have to give them an updated CD.
What's confusing me is the Regulation 1026.19(f)(2)(i) says "The borrower must be allowed to review the (revised) CD on the business day (general) before consummation." That means closing to us. Then it goes on to say, "...a revised CD must be received by the borrower at or before consummation." The first quote tells me make it available the day prior and the second quote says you can revise the CD the day of closing. Which is correct?????