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Timing of the Closing Disclosure

If a loan estimate is acknowledged electronically on the same day it was sent how soon can the closing disclosure be sent?

The closing disclosure may be sent the next day after the loan estimate but has been acknowledged by the customer and the customer has given their intent to proceed. Keep in mind, consummation may not occur until 7 business days after the loan estimate has been delivered.

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Implementing the New TRID Revisions

First published on 01/28/2018

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