Last-minute closing cost increases

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Question:

Can we now use a revised Loan Estimate to adjust a closing cost that’s increased after we’ve delivered the Closing Disclosure, and not have to absorb the increase?

Answer:

There is still a prohibition on providing a revised Loan Estimate on or after the day you provide the Closing Disclosure. However, if the increase involves a changed circumstance, you can use the Closing Disclosure or a revised Closing Disclosure to disclose the cost increase and avoid having to absorb that increase (assuming it results from a changed circumstance), if it is provided within three business days of learning of the cost increase and at or before closing.