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Redisclose Closing Disclosure for error?

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  • February 15, 2017 at 3:59 pm EST #10650
    KRT
    Participant

    LE was disclosed with $2,000 origination charge, which is the correct amount. CD was disclosed with $200 origination charge, in error. Are we allowed to redisclose the CD with the corrected $2,000 origination charge?

    February 17, 2017 at 10:12 am EST #10659
    rcooper
    Member

    Since the fee was disclosed correctly on the LE, we believe you could re-disclose the CD and wait three business days to close.

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