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We just started testing our Laser Pro documents and are having a balancing problem. We issue a general $200 Lender Credit towards closing costs and when I print my closing disclosure it shows properly in “J” on page 2 – but page 3 seems to be a problem. The credit is deducted from Cash to Close in the Summaries of Transactions and that amount is carried over (correctly I think) to page 1, but the credit is not deducted from Cash to Close in the Calculating Cash to Close section – so the Cash to Close blocks on page 3 in the two sections are different by the amount of the lender credit. In reading the reg it seems in completing the Calculating Cash to Close section that the General Lender credit isn’t accounted for in Total Closing Costs or included in “Funds for Borrower” – or anywhere that I can find – so I can see why it’s not coming up with the same figure, but it sure doesn’t seem right that the Cash to Close amount would not be same in all three blocks. Any help would be very much appreciated!!
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