Reg Z - Do creditors need to provide corrected Closing Disclosures when they refund money to cure tolerance violations?

Compliance > Regulation Z - TILA / TRID Specific > Closing Disclosures
Q:  Do creditors need to provide corrected Closing Disclosures when they refund money to cure tolerance violations?
 
A:  Yes.  If the creditor cures a tolerance violation by providing a refund to the consumer, the creditor must deliver or place in the mail a corrected Closing Disclosure that reflects the refund no later than 60 days after consummation.
 
 
This can be found in the CFPB's TILA-RESPA Integrated Disclosure rule compliance guide - http://www.consumerfinance.gov/regulatory-implementation/tila-respa/

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