If Line 1 in the Important dates section of the GFE changes, does Line 2 of the same section also change?
No. Line 1 and Line 2 of the Important dates section are not related to each other. Line 1 is the date and time that the interest rate is good through. Line 2 is the date that all non-interest rate-dependent charges are good through (Blocks 1, 3, 4, 5, 6, 7, 8, 9 and 11). After the borrower expresses intent to proceed with the transaction, the estimates for Blocks 1, 3, 4, 5, 6, 7, 8, 9, and 11 may not change unless there is a changed circumstance or a borrower requested change. 15) Q: If the borrower expresses intent to proceed before the date disclosed in Line 2 in the Important dates section of the GFE expires, can the estimates for Your Charges for All Other Settlement Services change? A: No. If the borrower has expressed an intent to proceed, the estimates for Your Charges for All Other Settlement Services may not change through settlement (except for Block 10) unless there is a changed circumstance or borrower requested change.
Related Questions
- What has been learned about the avalanches that took out the section of line and the potential for similar problems in the future?
- What changes to the RFP are contemplated for the system descriptions in Section L, Tab 2 through Tab 3.1?
- When I modify the journal header section, the changes are not reflected in the line descriptions. Why?
