Chapter 2

Disclosure timelines

Counting business days the way TRID and TILA do

An explorable chapter on TRID timing: the 3-business-day Loan Estimate, the Closing Disclosure waiting period, the mailbox rule, the right of rescission and when a new CD restarts the clock.

1. 2.1
   The Loan EstimateThree business days after the application
2. 2.2
   The Closing DisclosureIn the borrower's hands three business days before closing
3. 2.3
   The mailbox ruleA mailed disclosure is received three business days later
4. 2.4
   The right of rescissionThree business days to cancel a refinance
5. 2.5
   When the clock restartsThree changes that need a new waiting period

7 slider tasks · 2 practice sets · 8 questions