- Business Rules
Do you update the Date Issued field to the current date if a revised Loan Estimate is delivered?Yes. Regulation Z defines the date issued as the date the creditor or mortgage broker mails or delivers the Loan Estimate to the consumer. Therefore if a revised disclosure is issued it needs to reflect the revised date in which it is being re-delivered or mailed to the consumer.
Citation(s): Commentary ¶37(a)(4)-2
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here