- Business Rules
What Time and Time Zone is disclosed for the Rate Lock and Loan Estimate expiration date/time?The disclosure requires the applicable time zone for all times provided, as determined by the creditor.
For example: A creditor is located in New York and determines that the Loan Estimate will expire at 5:00 PM in the time zone applicable to its location while standard time is in effect would result in "5:00 p.m. EST".
Citation(s): Commentary ¶37(a)(13)-3
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here