On our home equity loans, we do not have a signed rate lock agreement with the customer but will honor a rate quoted at time of application. We also offer a 1/4% rate reduction if the borrower signs up for automatic payments. If at the time of application the borrower wants the auto-payment rate reduction but then later decides not to sign up for auto-payments, does that require redisclosure since the quoted rate on the LE will go up? The rate change may affect some fees, but I don't believe a "changed circumstance" event has occured allowing a revised LE since there is no signed "rate lock" agreement. Is this correct?