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CD – Loan Payoff Not on LE

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  • March 25, 2016 at 1:40 pm EDT #8978
    Sandy
    Participant

    With a TRID loan, if a loan payoff was not entered on the Loan Estimate but is later entered on the Closing Disclosure, is it necessary to re-disclose the Loan Estimate showing the payoff if it does not change any of the fees?

    March 28, 2016 at 3:34 pm EDT #9012
    rcooper
    Member

    No you do not need to reissue the LE. In fact, once the closing disclosure is provided you can not issue a revised the loan estimate. See 1026.19(e)(4).

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