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#1436597 - 08/30/10 09:19 PM Rescission
VRV Offline
100 Club
Joined: Jun 2007
Posts: 173
If additional funds need to be added to the loan amount in a refinancing in order to cover an escrow deposit for taxes and insurance, would this additional sum for escrow deposit be considered "amounts attributed solely to the costs of the refinancing or consolidation"? (Reg. Z 226.23(f)(2)

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Lending Compliance
#1436692 - 08/31/10 12:41 PM Re: Rescission VRV
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,769
Bloomington, IN
Yes.
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The opinions expressed are mine and they are not to be taken as legal advice.

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