Fall Back TRID Reminder
As a reminder of the approaching Daylight Savings Time change on Sunday November 2, 2025, mortgage lenders must adjust how they disclose time-sensitive information, specifically the loan's interest rate lock expiration.
The TRID rules under Regulation Z require creditors to disclose the time zone applicable to its location when disclosing the date and time the interest rate lock and estimate of closing costs will expire on the loan estimate. As a result, financial institutions located in areas that observe DST (all New England States) need to remember to change the time designation used under the Rate Lock section on their loan estimates.
Do not assume your loan platforms automatically make this change. Take steps now to ensure your loan disclosure software updates the time designation.
In addition, loan estimates issued during the period just prior to the exit from DST, when DST is still in effect, may expire after the time designation has changed to standard time and must reflect that change in the expiration date and time.
For example, if a lender in the Massachusetts (Eastern time zone) delivers a loan estimate while EDT is still in effect, and the interest rate lock and estimate of closing costs expire after the change to EST on November 2, the lender must reflect the expiration time zone as EST, since standard time will be the time designation in effect when the rate lock and estimated closing costs expire.
Take time now to be sure you have the correct time zone disclosed. For questions on reviewing these settings or executing updates in response to your review, contact our Director, Bill Dolan at wdolan@scapartnering.com or by phone at (617) 694-2617.
