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#1569730 - 06/24/11 06:01 PM Waiting Period to Close After Issuing GFE?
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
My memory is shot. Time to retire.

Is there a minimum period of time that must pass between delivering or mailing either an ititial or revised GFE and closing as there is with TILA?

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RESPA
#1569749 - 06/24/11 06:13 PM Re: Waiting Period to Close After Issuing GFE? WHEDA
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
If you mail a GFE you have to allow 3 days (see 3500.7(a)(4)) for the presumption of delivery. If delivered face to face there is no wait period.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1569792 - 06/24/11 06:46 PM Re: Waiting Period to Close After Issuing GFE? Dan Persfull
WHEDA Offline
100 Club
WHEDA
Joined: Apr 2009
Posts: 189
Wisconsin
Thanks Dan.

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