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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule CD Closing Date -Must we close that day
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#2042083 - 10/02/15 01:55 PM CD Closing Date -Must we close that day
RolTyde Offline
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Joined: Nov 2008
Posts: 78
Anywhere but here
If for an unforeseen reason, the loan doesn't close on the closing date provided on the CD, what can/needs to be done? For example, CD has closing date on 10/20 but borrower discovers they can't get off work that day like they thought they could and need to make it 10/22. Do we issue a revised CD (with no waiting period) as soon as we discover the 10/20 date isn't an option?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2042255 - 10/02/15 06:53 PM Re: CD Closing Date -Must we close that day RolTyde
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,334
Galveston, TX
You give them a revised CD at closing.
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#2042472 - 10/05/15 03:18 PM Re: CD Closing Date -Must we close that day rlcarey
RolTyde Offline
Member
Joined: Nov 2008
Posts: 78
Anywhere but here
Thank you!

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