Skip to content
BOL Conferences
Thread Options
#2298596 - 06/21/24 06:41 PM Late Delivery of Changed Circumstance LE
Wonderofitall Offline
100 Club
Wonderofitall
Joined: Sep 2010
Posts: 227
Out West
Changed circumstance LE for change in loan program and the addition of some program fees was not provided timely (less than 4 BDs prior to closing). Does this late delivery negate the fee reset feature of a changed circumstance LE and require the new program fees to be cured at closing?
_________________________
You're never too old to learn something stupid.

Return to Top
Lending Compliance
#2298600 - 06/21/24 08:14 PM Re: Late Delivery of Changed Circumstance LE Wonderofitall
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,273
Galveston, TX
If you missed the three-business day window for sending the CC disclosure, you cannot adjust your tolerance baselines.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z