Three Business Day Rule (Revised Estimates)

Updated 2026-05-17

Under TRID and Regulation Z at 12 CFR 1026.19(e)(3)(iv), when a changed circumstance or other permitted triggering event allows a revised estimate, the creditor must provide that revised estimate within three business days of receiving information sufficient to establish that the event occurred. Timely revised estimates preserve good-faith disclosure and the ability to reset fee Tolerances (Loan Costs).

This rule applies whether the revised estimate is provided via a Loan Estimate or, where applicable, a Closing Disclosure used for tolerance purposes.

What MLOs must know for the SAFE exam

• Clock starts when the creditor has information sufficient to establish the changed circumstance or other triggering event—not when the revised form is convenient to produce.
• The revised estimate must go out within three business days of that information.
• A valid, timely revised estimate is required to reset applicable tolerances for increased fees.
• See Changed Circumstance or Other Triggering Event (TILA-RESPA) for what events qualify and Business Day for how days are counted.