Document Changes: DC Lock-In Agreement (Cx10455)
An interesting predicament with TRID is the fact that, in the “Rate Lock” section of the Loan Estimate, the following sentence is present:
“All other estimated closing costs expire on X/X/XXXX at X:XX [a.m./p.m.] [time zone].”
This discloses to the borrower that all unlocked costs of the loan will expire at a particular time….