Federal Mortgage Law · 24% of the SAFE exameasy
Correct answer: 3 years
The Loan Estimate must be retained for 3 years after consummation under Reg Z Section 1026.25. This is commonly confused with the Closing Disclosure, which must be retained for 5 years. The difference: LE = 3 years, CD = 5 years. Why different? The CD contains the final, binding terms of the loan and is referenced longer for servicing and compliance. The LE is an estimate that is superseded by the CD at closing. Exam tip: LE = 3, CD = 5.
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