[jenniferlippy]

Two Questions:

Prior to TRID if we were doing a construction loan and we had a secondary market commitment letter and knew we were not going to be doing permanent financing we did not provide early disclosures. I am thinking now we need to provide the Loan Estimate no matter what, is that correct?

Next, we do not do construction/perm financing. We do a construction loan and then at the end of construction take a new application and do a new loan for permanent financing. Prior to TRID we issued early disclosures on the construction loan and then early disclosures on the permanent financing application. With TRID, since we do 2 separate applications, 2 separate transactions do we issue a LE and CD for the construction loan and then once we have the application for the permanent financing provide a LE and CD for that loan? Or do we have to issue tWo LE’s at the beginning?

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