Thank you.
Follow-up question regarding...
19(e)(3)(iv)(E) - For example, assume a creditor includes a $500 underwriting fee on the disclosures (LE) provided and the creditor delivers those disclosures on a Monday. If the consumer indicates intent to proceed 11 business days later, the creditor may provide new disclosures with a $700 underwriting fee. In this example, the creditor is required (record retention rules and revised estimate rules) to document that a new disclosure was provided under the Expiration rule but do not require the creditor to document a reason for the increase in the underwriting fee.
If the intent to proceed is received after the expiration date of the LE, is there a limit to how long after the intent to proceed is received that redisclosure of the LE can be made under the Expiration rule?
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