TRID Changed Circumstances: Do I have to wait an additional three days?

We have to admit, the recently updated TRID FAQs were a little disappointing. 

There is really nothing new under the sun here.  The first three have to do with providing a Closing Disclosure, encountering something that causes it to be inaccurate, and then having to provide it again.  The main question being, “Do I have to wait an additional three days?”  Well, it depends and that’s what those questions get into, but again, there’s nothing new. The fourth question has to do with the model forms that were published with the original TRID Final Rule. The question there being, “Can you rely on those model forms even though they may not quite line up with what the banking regulations say?” The Q&A confirms that if you rely on the model form, even though it doesn’t line up with the regulation, you would still be deemed to have complied. Again, this is nothing new but if you are unfamiliar with anything in these areas, by all means, give them a read.



If you’re looking for more in-depth TRID information, you’re in for a treat. Our team has been going across the country for about the last year and a half doing this program called Changed Circumstances, Revised Loan Estimates, and Revised Closing Disclosures.

Based on the feedback we’ve received, we decided to put it into a banker’s training webinar format.

We would love to have you join us on February 26th where we will spend two hours discussing changed circumstances and revising both the Loan Estimate and Closing Disclosure. Register today!

We can’t wait to see you there!

Jerod Moyer

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