If you are talking about two separate loans, then the three business day requirement for the LE is triggered when you receive the application for that specific loan. If they apply for both at the same time - you have to get both. If they apply for the second permanent loan later - then that sets your application date for that LE.
The old HUD rule that said you had to give the second set if you were contemplating the end-loan and there was no take-out commitment is long gone.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com