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Loan estimate and changed APR

Question: 
Do we need to redisclose our loan estimate if the APR increases by more than .125%?
Answer: 

Not necessarily. You need to look at what is causing the APR to change. If it’s a fee change resulting from a valid changed circumstance, you’ll want to closely look at your tolerances to determine if you want to re-disclose.
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Learn more about Jerod Moyer’s webinar
Completing the Loan Estimate

First published on 06/18/2017

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