Q: Is a corrected Closing Disclosure required if a post-consummation event affects an amount paid by the seller?
A: Yes, in some circumstances. Settlement agents must provide a corrected Closing Disclosure if an event related to the settlement occurs during the 30-day period after consummation that causes the Closing Disclosure to become inaccurate and results in a change to an amount actually paid by the seller from what was previously disclosed.
The settlement agent must deliver or place in the mail a corrected Closing Disclosure not later than 30 calendar days after receiving information sufficient to establish that such an event has occurred. (§ 1026.19(f)(4)(ii))