Closing · TRIDClosing Disclosure changes: what restarts the 3-day wait
Only three changes restart the three-business-day wait before closing: the APR becomes inaccurate beyond the tolerance (generally more than 1/8 of a percentage point), the loan product changes, or a prepayment penalty is added. Any other change needs a corrected Closing Disclosure that the borrower receives at or before closing – without a new waiting period.
The three changes that restart the clock
APR beyond tolerance
The APR becomes inaccurate as defined in 12 CFR 1026.22 – generally more than 1/8 of a percentage point above or below the disclosed APR, or 1/4 in an irregular transaction.
Loan product
The loan product changes – for example from a fixed rate to an adjustable rate – so the product shown on page 1 is no longer accurate.
Prepayment penalty
A prepayment penalty is added to a loan that was disclosed without one.
Then
The borrower must receive a corrected Closing Disclosure with all changed terms at least three business days before closing – the closing date moves if needed.
Changes that do not restart it
- Other changes before closing (for example cash to close, fees, a seller credit): a corrected Closing Disclosure the borrower receives at or before closing.
- The borrower may inspect the Closing Disclosure during the business day before closing.
- Within 30 days after closing: if a settlement event changes an amount the borrower actually paid, a corrected Closing Disclosure within 30 days of learning it.
- Non-numeric clerical errors: corrected within 60 days after closing.
What the TC watches in the last week
- A rate lock that expires or a re-lock – an APR jump can push closing back.
- A switch of loan program late in the file.
- New repair credits or price changes – they need a corrected CD, but not a new 3-day wait.
- The lender's confirmation of when the corrected CD was received.
Questions about Closing Disclosure changes
What changes require a new 3-day waiting period?
Three: the APR becomes inaccurate beyond tolerance, the loan product changes, or a prepayment penalty is added.
Does a change in closing costs restart the 3-day rule?
No. A change in fees or cash to close needs a corrected Closing Disclosure received at or before closing, without a new waiting period.
What is the APR tolerance on a Closing Disclosure?
Generally 1/8 of a percentage point; 1/4 in an irregular transaction (12 CFR 1026.22(a)(2)–(3)).
Does the APR going down restart the waiting period?
It can, if the disclosed APR becomes inaccurate under 12 CFR 1026.22 – the lender applies the tolerance rules, including the special rules for mortgage loans in 1026.22(a)(4).
Can a Closing Disclosure be corrected after closing?
Yes: within 30 days of learning of a settlement event that changes what the borrower paid, and within 60 days for non-numeric clerical errors.
Related guides and tools
When the closing date moves, change it once in ClosingCode – the deadlines counted from it on the deal are recomputed and the team sees the new dates.
Start free trialSources: 12 CFR 1026.19(f)(2)(i)–(iv) and 1026.22(a)(2)–(4) (eCFR, read October 24, 2026).
General information, not legal advice. The lender is responsible for the Closing Disclosure and its corrections. ClosingCode is software; it is not a law firm, lender or brokerage.