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#2246401 - 12/10/20 05:00 PM Revised Loan Estimate required?
JoeG Offline
100 Club
Joined: Nov 2013
Posts: 127
DuPage county, IL
Customer received their Loan Estimate and then decides to they want a longer term, which will result in a higher loan rate & APR. The fees though will remain unchanged.

Is lender REQUIRED to issue a revised LE in this case?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2246408 - 12/10/20 05:35 PM Re: Revised Loan Estimate required? JoeG
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
It is not a changed circumstance unless the fees are increasing, but you are free to send them an informational disclosure. Otherwise it would be included on the next disclosure required to be issued.
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