What about the Intent to Proceed period of time; if a borrower does not provide intent within ten days, can a new loan estimate be disclosed?

That’s called the Loan Estimate “expiring” under the rule. That means if you provide a Loan Estimate and the borrower doesn’t respond with the Intent to Proceed within ten business days under that provision, then that would be a valid reason for revising that Loan Estimate. So you would provide a new Loan Estimate with different charges and that would be okay.

Answered By: Richard Horn