Which of the following events would necessitate a revised Loan Estimate?

The key to understanding the necessity of a revised Loan Estimate lies in recognizing the regulatory requirements outlined in Regulation Z, specifically regarding changes that could affect the borrower's cost of credit. A revision is triggered when there are changes to terms that could impact the borrower's financial obligations.

In this case, a change in the interest rate is indeed one of those significant triggers for a revised Loan Estimate. An interest rate change directly affects the amount of interest a borrower will need to pay throughout the life of the loan, which can have financial implications and influences the total cost of borrowing. Since the Loan Estimate is designed to provide borrowers with clear and transparent information about their mortgage costs, any adjustment in the interest rate must be communicated through a revised document to ensure the borrower is aware of the new terms and can make an informed decision.

While changes in application status, loan amount, or property address can be important, they do not always inherently require a revised Loan Estimate unless they also affect the fundamental terms of the lending agreement or the cost to the borrower in a substantial way. For example, a change in the loan amount may require a revision if it exceeds certain thresholds, but a minor increase may not necessitate a new estimate.

Therefore, when evaluating the circumstances under which