Answer:
Application is a defined term in HUD Reg X Section 3500.2(b). It doesn't have anything to do with the credit report date. I'd recommend you start by reading that definition.
I'm not sure what you are asking about re-disclosing. If your credit terms are changing based on what you found out in the credit report and this impacts the figures in the GFE, you are not required to re-disclose on a new GFE, but certainly could as a matter of good customer service and to ensure there are no surprises at the closing table.
First published on BankersOnline.com 9/17/07
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