TRID Timelines Cheat Sheet (Loan Estimate & Closing Disclosure)

Updated October 20, 2026

Loan Estimate: delivered or mailed within 3 business days of application and at least 7 business days before consummation. Revised LE: within 3 business days of a changed circumstance, and received at least 4 business days before consummation. Closing Disclosure: received at least 3 business days before consummation. Rescission (most non-purchase loans secured by the borrower's principal dwelling, such as a refinance with a new creditor or a HELOC): until midnight of the 3rd business day.

Timeline table

EventDeadlineRule
Loan Estimate deliveredWithin 3 business days after receiving the application12 CFR §1026.19(e)(1)(iii)(A)
Earliest consummation after LE7 business days after the LE is delivered or mailed§1026.19(e)(1)(iii)(B)
Revised LE after a changed circumstanceWithin 3 business days of receiving the information§1026.19(e)(4)(i)
Revised LE receivedNo later than 4 business days before consummation§1026.19(e)(4)(ii)
Closing Disclosure receivedAt least 3 business days before consummation§1026.19(f)(1)(ii)(A)
New 3-day wait after CD changesAPR becomes inaccurate, loan product changes, or a prepayment penalty is added§1026.19(f)(2)(ii)
Right of rescissionMidnight of the 3rd business day after the latest of consummation, delivery of the notice, or delivery of material disclosures§1026.23(a)(3)
Special information bookletWithin 3 business days of application (purchase loans)§1026.19(g)
Adverse action notice (Reg B)30 days after a completed application12 CFR §1002.9(a)(1)(i)

Tolerance buckets

"Business day" for LE delivery means a day the creditor's offices are open. For the 7-day, 3-day CD, and rescission periods, it means every day except Sundays and federal holidays (§1026.2(a)(6)).

Practice TRID questions

1. Under Regulation Z, the consumer's right of rescission generally expires at midnight of the third business day after the latest of:
  1. Consummation, delivery of the rescission notice, or delivery of all material disclosures
  2. Loan funding
  3. The first payment due date
  4. Application or appraisal
Show answer and explanation

Answer: A. Consummation, delivery of the rescission notice, or delivery of all material disclosures
Correct — §1026.23(a)(3).

Source: 12 CFR 1026.23(a)(3)(i)

2. If the required rescission notice or material disclosures are never delivered, the right to rescind generally lasts:
  1. 3 years after consummation, or until the property is sold or transferred, if earlier
  2. 30 days
  3. 1 year
  4. Forever
Show answer and explanation

Answer: A. 3 years after consummation, or until the property is sold or transferred, if earlier
Correct — §1026.23(a)(3)(i).

Source: 12 CFR 1026.23(a)(3)(i)

3. For rescission purposes, a "business day" means:
  1. Monday through Friday only
  2. All calendar days
  3. All calendar days except Sundays and federal legal public holidays
  4. Days the creditor's office is open
Show answer and explanation

Answer: C. All calendar days except Sundays and federal legal public holidays
Correct — the specific definition in §1026.2(a)(6).

Source: 12 CFR 1026.2(a)(6)

4. Which loan uses the TRID Loan Estimate and Closing Disclosure?
  1. A chattel loan on a mobile home not attached to land
  2. A closed-end consumer purchase loan secured by real property
  3. A HELOC
  4. A reverse mortgage
Show answer and explanation

Answer: B. A closed-end consumer purchase loan secured by real property
Correct — §1026.19(e).

Source: 12 CFR 1026.19(e)(1)(i)

5. Under TRID, the earliest that consummation may occur after the Loan Estimate is delivered is:
  1. The 3rd business day
  2. The next day
  3. 30 days
  4. The 7th business day after delivery or mailing of the LE
Show answer and explanation

Answer: D. The 7th business day after delivery or mailing of the LE
Correct — §1026.19(e)(1)(iii)(B).

Source: 12 CFR 1026.19(e)(1)(iii)(B)

6. If a Loan Estimate is mailed, it's considered received by the consumer:
  1. 7 business days after it's mailed
  2. The same day
  3. 1 business day after it's mailed
  4. 3 business days after it's mailed
Show answer and explanation

Answer: D. 3 business days after it's mailed
Correct — §1026.19(e)(1)(iv).

Source: 12 CFR 1026.19(e)(1)(iv)

7. After a valid changed circumstance, the creditor must deliver or mail a revised Loan Estimate within:
  1. At closing
  2. 3 business days of receiving enough information to establish the changed circumstance
  3. 24 hours
  4. 7 business days
Show answer and explanation

Answer: B. 3 business days of receiving enough information to establish the changed circumstance
Correct — §1026.19(e)(4)(i).

Source: 12 CFR 1026.19(e)(4)(i)

8. A revised Loan Estimate must be received by the consumer no later than:
  1. 4 business days before consummation
  2. The day of consummation
  3. 1 business day before consummation
  4. 7 business days before consummation
Show answer and explanation

Answer: A. 4 business days before consummation
Correct — §1026.19(e)(4)(ii).

Source: 12 CFR 1026.19(e)(4)(ii)

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Official sources

FAQ

When must the Loan Estimate be delivered?

Within 3 business days after the creditor receives the application (12 CFR §1026.19(e)(1)(iii)(A)).

How many days before closing must the borrower receive the Closing Disclosure?

At least 3 business days before consummation (§1026.19(f)(1)(ii)(A)).

What changes restart the 3-day CD waiting period?

The APR becomes inaccurate, the loan product changes, or a prepayment penalty is added (§1026.19(f)(2)(ii)).

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