Overview

Under TRID (TILA-RESPA Integrated Disclosure) regulations, there is a mandatory minimum waiting period between when the initial Loan Estimate is sent and when a loan can close.

7-Day Rule Requirements

The earliest close date can never be less than 7 days from the initial Loan Estimate (LE) sent date.

Calculation Example

• If initial LE sent date: March 27
• Earliest allowed close date: April 3 (7 days later)

Important Notes

• This is a regulatory requirement that cannot be bypassed
• The 7-day period applies regardless of when other documents (like the Closing Disclosure) are issued or signed
• TRID does not allow any loan to close faster than 7 days from the initial LE date