Question of the Week

  • QUESTION: What date should be listed on the Loan Estimate and Closing Disclosure?

    ANSWER:  The "Date Issued" field is the date the disclosure is actually mailed or provided to the customer regardless of delivery method. If a bank prepares the disclosure a day or more before it is mailed or provided to the consumer, it should ensure the "date issued" is the date the disclosure will be provided, and not necessarily the date it is prepared. (12 CFR 1026.37(a)(4) and Official Staff Interpretation).  Q&A provided by TIB Bequeaith Banking Solutions.


Question of the Week Archive

Ask An Expert

We want to hear your pressing questions about compliance at your bank. Please fill in the form below. Not all questions will be featured. Your questions will be kept anonymous.