A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
TRID requires process changes to the loan origination life-cycle, particularly in the way that lenders approach the closing of loans. Under the new rule, the closing process needs to be at least three days ahead to meet the Closing Disclosure timing requirement.
That time frame can be shortened or run to the close of escrow in the contract. At the end of that time, if the buyer has not signed a release of contingencies, the seller can cancel the contract, after delivering to the buyer a Request for Buyer to Perform, giving the buyer 24 to 72 hours, typically, to perform. Buyers have options if a low appraisal was received. Releasing Loan Contingency.