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#2132025 - 05/25/17 09:25 PM 2nd Lien that requires a TIL (not a Loan Estimate)
Working From Home Offline
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Joined: Oct 2009
Posts: 257
We have a down payment assistance loan that requires a Truth In Lending disclosure (the old TIL form). Is there still a waiting period after delivery of that disclosure that applies prior to consummation? Under MDIA there was, but I can't tell if that rule was thrown out in lieu of the new Loan Estimate waiting period. In this instance the loan does not need a Loan Estimate (it meets the down payment assistance exceptions) but still needs an old TIL.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2132034 - 05/25/17 09:51 PM Re: 2nd Lien that requires a TIL (not a Loan Estimate) Working From Home
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Since it takes 19(e),(f) and (g) out of the picture, there are no waiting periods elsewhere that I am aware.
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#2132036 - 05/25/17 10:42 PM Re: 2nd Lien that requires a TIL (not a Loan Estimate) Working From Home
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Joined: Oct 2009
Posts: 257
Perfect. Thanks

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