Follow-up question - If you want/need to provide a revised LE for informational purposes, not for the purpose of resetting tolerances, must the LE be provided within three days of the event that is changing the information?
For example, the customer requests a lower loan amount. When we don't need to reset tolerances, it is generally our practice not to provide a revised LE. On the third day after the customer requested a lower loan amount and only a few hours from the end of the day, they ask us for a new LE with the changes. It will be impossible for us to get the new lower quotes for the various fees that are dependent on the loan amount. If we provide the LE the next day (which is the fourth day after the customer request for a lower loan amount) are we in in violation of re-disclosure timing?
Always learning something new...