Other Estimates of Costs and Terms
The new TRID rule does not prohibit a creditor or other person from providing a consumer with estimated terms or costs prior to the consumer receiving the LE.
However, if a written estimate is provided before the LE, it must clearly and conspicuously state at the top of the front of the first page, “Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing the loan.”
This statement must be in 12-point font size or larger; and
There must be no headings, content, or format substantially similar to the LE or the Closing Disclosure.