Truth in Lending: 4.4.7.3.2 Redisclosure for loans applied for on or after October 3, 2015
Effective October 3, 2015, the redisclosure rules for loan estimates given in transactions governed by the TILA-RESPA integrated disclosure rules are more extensive than the previous rules.411 The loan estimate delivered or mailed no later than the third business day after the creditor receives the consumer’s application is binding. Redisclosure is allowed only in the event of a limited universe of changed circumstances.