Answer:
David Dickinson is correct.
Disagreement Over Exemption from GFE Requirement
Answered by:
Question:
The question was previously asked "Does a Good Faith Estimate need to be provided if a loan is closed within 3 days of application?" Guru David Dickinson replied "Yes. There is no exemption from the GFE requirement if the loan closed early." Our Compliance Officer states this is not accurate; if closed or denied within 3 days no GFE needs to be given.Who is correct?
print
share