Answer:
Reg. Z 226.20 contains the information you'll need on what conditions require a redisclosure.
First published on BankersOnline.com 11/5/01
TIL Disclosure Requirements
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Question:
If we are re-working a loan, and we decide to give a lower APR (and we forego any fees) do we have to send the customer a new TIL? Our lenders seem to think that as long as no fees are involved, and since we are benefiting the customer, that a new TIL disclosure is not necessary.
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