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Seven-Day Waiting Period for the LE

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Can ​Loan Estimate and ​Closing Disclosure timing run in conjunction with the seven-day waiting period for the LE? (Example - hand deliver the LE today, then hand deliver the CloD ​four​ days after delivery of the LE - then ​have the ​actual note signing ​four days after delivery of CD) Agree or disagree?

1026.19(e)(1)(iii)(B) Except as set forth in paragraph (e)(1)(iii)(C) of this section, the creditor shall deliver or place in the mail the disclosures required under paragraph (e)(1)(i) of this section not later than the seventh business day before consummation of the transaction.

First published on 10/01/2017

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