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#2207002 - 02/25/19 05:22 PM TRID Timing
mdog76 Offline
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When does the three day clock technically start? When the officer receives the completed app (officer doesn't have ability to produce LE), or when Loan Ops receives the app to produce the LE? Example: customer provides completed app end of day Monday but loan ops doesn't get app until Tuesday morning.
Last edited by John Burnett; 02/27/19 03:37 PM. Reason: spelling of subject
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TRID - TILA/RESPA Integrated Disclosures Rule
#2207003 - 02/25/19 05:34 PM Re: TRID Timing mdog76
mdog76 Offline
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Sorry to take up a thread, I found my answer.

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#2207007 - 02/25/19 05:50 PM Re: TRID Timing mdog76
rlcarey Offline
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Hopefully you settled on the day the loan officer got it???
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#2207033 - 02/25/19 07:53 PM Re: TRID Timing mdog76
Truffle Royale Offline

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Just to clarify, the three day clock starts the day the BANK gets the application. Assigning it to a specific LO who's out of the office doesn't mean the clock doesn't start till he's back in the office.

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#2207157 - 02/26/19 07:39 PM Re: TRID Timing mdog76
mdog76 Offline
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So just to be clear: Say Loan officer takes a complete application today, then today is day one, Wednesday is day two, Thursday is day three, so we'd need LE out by Thursday? Or LE out by Friday?

Don't know why I'm getting hung up on this.
Last edited by mdog76; 02/26/19 07:43 PM.
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#2207159 - 02/26/19 07:40 PM Re: TRID Timing mdog76
RR Joker Offline
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Don't count today. Wednesday - 1, Thursday - 2, Friday - DDay [3]
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#2207161 - 02/26/19 07:43 PM Re: TRID Timing mdog76
RR Joker Offline
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. Timing and use of estimates. The disclosures required by ยง 1026.19(e)(1)(i) must be delivered not later than three business days after the creditor receives the consumer's application. For example, if an application is received on Monday, the creditor satisfies this requirement by either hand delivering the disclosures on or before Thursday, or placing them in the mail on or before Thursday,
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#2207163 - 02/26/19 07:46 PM Re: TRID Timing mdog76
mdog76 Offline
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I see. I was getting on hung up on the bank receiving the app and not seeing the "after" in the reg.

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#2207227 - 02/27/19 02:22 PM Re: TRID Timing mdog76
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I think Truffle also inadvertently confused it with her wording of starting the day of.
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