Revised Closing Disclosure after rate lock expires

If you re-lock the rate or any of your fees change, you will need to provide a revised Closing Disclosure within three general business days and no later than closing. Whether you can reset tolerances will be based on whether you learn of a rate re-lock or other change within the seven general business days prior to closing. If you’re within the window of seven general business days, you can reset tolerances; if you fall outside the window, you should still provide an updated disclosure, but you may have tolerance issues.

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Learn more about Jerod’s webinar Closing Disclosure: Completion and Revision .