A borrower receives their LE on Day 1. They indicate intent to proceed on Day 4. Closing is scheduled for Day 15. On Day 8, a changed circumstance occurs (unexpected flood zone determination). The lender issues a revised LE on Day 10. Is this timely?

No, a revised LE cannot be issued after the borrower indicates intent to proceed Yes, the revised LE was issued within 3 business days of the changed circumstance No, the revised LE must be issued within 1 business day Yes, but only because closing is more than 4 business days away