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New Loan Estimate If IR Is Still The Same?

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If the interest rate is locked at application and the rate is still the same once the rate lock expires, does a new Loan Estimate need sent to the borrower?

The expiration of a rate lock is not itself a change that requires a new LE. Only if the rate lock expiration results in changes in fees or terms would a new LE be required.

First published on 12/25/2016

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