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I just want to be sure I understand this correctly. If we have a changed circumstance under the new rules, we have to provide a revised LE no later than 3 business days after receiving the information sufficient to determine that we have a true changed circumstance.
However, if the revised LE is being produced due to a rate lock, we must provide the revised LE the day that the lock occurred…..is this correct?
Thanks in advance.
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