We do our construction and permanent financings in one closing, however the borrower has the option to lock the permanent rate at the time the original loan is done or at the end of construction.I have a loan that they locked at the end of the constuction and are paying points to reduce the rate. It seems to me that these ponts would need to be redisclosed, however another closing does not take place just the signing of the new note with the locked in interest rate. Am I missing something?

Since the points/interest rate were paid during the term of the loan and no new note was prepared (rather, you had a modification), no new disclosures are needed. I don't think you are missing anything.