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23. Monday June 12 Mrs. buyer rescind the closing disclosure for the purchase of a new home that was scheduled to close on Friday June

23. Monday June 12 Mrs. buyer rescind the closing disclosure for the purchase of a new home that was scheduled to close on Friday June 16, when Mrs. buyer arrives for the closing on Friday, she learns that a prepayment penalty has been added to the terms of her loan. TRID rules dictates that the

A closing must occur as planned or the loan will be canceled.

B closing may continue as planed as long as Mrs. buyer accepts the new loan term in writing.

C disclosure of the new loan terms triggers a waiting period, so closing can occur as early as Monday june19

D disclosures of the new loan term triggers a waiting period, so closing can occurs as early as Monday June 21.

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