If there is a changed circumstance,. when does the loan originator issue a new GFE?
When there is a \changed circumstance. and the loan originator intends to issue a revised GFE, the loan originator must do so within three business days of receiving the information sufficient to establish changed circumstances. A loan originator may issue a revised GFE reflecting only the increased charges resulting from the “changed circumstance”.
Related Questions
- Does a loan originator have to show an appraisal fee (or other fee) paid to a third party on the GFE and HUD-1 even if the loan originator wants to cover 100% of the fee?
- If there is a changed circumstance and the mortgage broker issued the GFE, may the lender issue the revised GFE reflecting the changed circumstances?
- Can a loan originator e-mail a GFE to a borrower?
