FORUM PROFILE

TRID Rounding Issue – Need Cure?

Tagged: 

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 30, 2016 at 9:20 am EDT #9724
    Patty
    Participant

    If we disclose an Origination Fee on the LE and it rounds the amount down (i.e. – .50% = $100.25 shown as $100 on the LE) and then on the CD it lists the actual amount of $100.25, does that require a tolerance cure since the Origination Fee is a 0% tolerance?

    July 5, 2016 at 1:13 pm EDT #9755
    rcooper
    Member

    Patty,
    If the difference is due to rounding that is required on the loan estimate then you would not need to reimburse. See comment 1026.38(i)-2.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.