What Is The 3-Day Rule?

ALERT: The CFPB has proposed a new implementation date of October 3rd 2015.

CFPB’s Integrated Mortgage Disclosure Rule includes three-day rules which apply to both the loan estimate and to the closing disclosure. This means that you are entitled to receive your Loan Estimate within three business days of submitting your loan application and you are entitled to receive your Closing Disclosure to review no later than three business days prior to the time when you are required to sign the loan documents.

We can help you calculate when your countdown would begin and explain the events that could trigger a new review period being required.