Under TRID, what triggers a re-disclosure?

• A. Changed circumstances or terms trigger re-disclosure.
• B. Only when the borrower revises income.
• C. At any time, re-disclosure is not required.
• D. Only at closing.

Answer: (A)

Under TRID, re-disclosure happens whenever anything changes that would make the loan disclosures inaccurate. That means if the terms of the loan or the settlement costs change—such as a different interest rate or loan program, a different loan amount, a revised closing date, or new or higher charges from third parties—the lender must issue a new disclosure. Changes in the borrower’s information can count as well if they affect the numbers shown. This can happen before closing, not just at closing. It’s not limited to borrower income changes and it’s not true that re-disclosures never occur.