Not sure what you may have meant here by "corrected CD disclosure," as you could have been referring to a "revised CD," but any change in the APR would require a "corrected CD;" however, it is the amount of the change that determines the 3 business day waiting period or not.
Last edited by JPC; 08/08/18 02:05 PM.
Example—APR becomes inaccurate.
Assume consummation is scheduled for Thursday, June 11 and the disclosure for a regular mortgage transaction received by the consumer on Monday, June 8 under § 1026.19(f)(1)(i) discloses an annual percentage rate of 7.00 percent:
On Thursday, June 11, the annual percentage rate will be 7.10 percent. The creditor is not required to delay consummation to provide corrected disclosures under § 1026.19(f)(2)(ii) because the annual percentage rate is accurate pursuant to § 1026.22, but the creditor is required under § 1026.19(f)(2)(i) to provide corrected disclosures, including any other changed terms, so that the consumer receives them on or before Thursday, June 11.