HUD's FAQs - If a Loan Originator Denies the Loan Before the End of the Three Business Day Period After Application, Does the Loan Originator Need to Issue a GFE?

Compliance > Regulation X - RESPA > GFE and HUD-1 > HUD's FAQs
Q: If a loan originator denies the loan before the end of the three business day period after application, does the loan originator need to issue a GFE?

A: No, the loan originator is not required to issue a GFE if, before the end of the three business day period, the loan originator denies the application or the loan applicant withdraws the application.

This can be found in GFE-Denial – FAQ #1 of HUD’s FAQs.  HUD’s FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm.

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