Sentences with phrase «revision rules the day»

Which is to say that revision rules the day — or it should — and revision means experimentation.

Not exact matches

The second revision facilitates lenders» ability to issue a revised loan estimate for new construction loans in cases where loan consummation is expected to occur at least 60 calendar days after provision of the original Loan Estimate; previously, the rule did not readily provide a mechanism for lenders to reserve the right to issue the revised estimate.

As discussed in greater detail in the section - by - section analyses of § 1026.19 (f)(2)(i) and (ii) below, the final rule narrows the circumstances in which revisions to the «actual terms» of the Closing Disclosure provided three business days before consummation under § 1026.19 (f)(1)(ii)(A) trigger a new three - business - day pre-consummation waiting period.

In general, the proposed rule would have required that consumers receive the Closing Disclosure three business days before consummation in all circumstances and that, if any revisions were made to the Closing Disclosure before consummation, consumers would receive a revised Closing Disclosure that would have triggered an additional three - business - day waiting period, subject to several limited exceptions.