First, it doesn't matter what's on the last disclosed LE, it matters what's on the LE that set good faith for the appraisal fee. That may be the last one, but it may be the first one if there was not a changed circumstance after that point even though the fee may have changed on a subsequent LE.
Second, your initial CD does not necessarily reset the good faith benchmark. It could, if the initial CD is also being issued in response to a valid change in circumstance. But absent that, the LE that set the good faith is where the final CD would be compared to determine any tolerance cure needed. The regulatory citation is 12 CFR 1026.19(e)(3) and comments.
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions