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Jordan has already received the initial Closing Disclosure. Before closing, several changes occur. Which change does NOT create a new three-business-day waiting period?

Correct Answer

A) Recording fees increase because the county adjusted its charges

Most changes after the initial Closing Disclosure require only a corrected Closing Disclosure at or before consummation. A recording-fee change is one of those ordinary changes and does not trigger a new three-business-day waiting period.

Answer Options
A
Recording fees increase because the county adjusted its charges
B
The APR becomes inaccurate under Regulation Z
C
The fixed-rate loan is switched to an adjustable-rate product
D
A prepayment penalty is added to the note

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Related Topics & Key Terms

Key Terms:

tridclosing_disclosurewaiting_periodapr
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