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We have a customer that has lowered the amount requested on a loan. The property didn’t appraise for the originally requested amount. There is not a rate locked loan. So my question is do we need to redisclose the gfe and early truth in lending? I’ve been researching this and I don’t believe we would have to redislcose the gfe. However what about the early TIL? I would assume it’s going to be out of tolerance more than the .125% when you compare the early and the final. Would we need to go ahead and redisclose a new early truth in lending and wait the 3 days?
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