Finance
A Florida borrower who receives a Closing Disclosure with costs that differ significantly from the Loan Estimate has the right to:
ACancel the loan only within 24 hours
BRequest an explanation and, for certain fee changes, may have the right to a new 3-day waiting period✓ Correct
CDemand the lender honor the original Loan Estimate prices exactly
DSue the lender for the difference
Explanation
Under TRID, significant changes to loan terms or costs between the Loan Estimate and Closing Disclosure may trigger a new 3-business-day waiting period (a 'revised disclosure' event). Borrowers should review both documents carefully and ask questions about any differences.
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