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#1849697 - 09/06/13 09:04 PM Already Cured-Audit finds cured incorrectly
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Joined: Nov 2008
Posts: 1,065
In the mountains
During a RESPA audit, it was discovered that even though a tolerance was cured, it was not done so correctly. Even though we are well past 30 days, we want to issue a corrected HUD and pay the customer for the cure. Can we cure for the difference of what we have already cured? For example if we already cured for $250 but after correcting, we should have cured for a total of $550, can we cure for only $300 and reflect the amount for the previous cure on the HUD? Or should we just cure for the whole amount?
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#1849728 - 09/06/13 09:36 PM Re: Already Cured-Audit finds cured incorrectly Likes to Comply
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 80,388
Galveston, TX
I would only cure the additional amounts. Why pay them twice?
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#1849953 - 09/09/13 04:41 PM Re: Already Cured-Audit finds cured incorrectly Likes to Comply
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,360
You've already done a partial cure.
You just calculated wrong.
So this time you're figuring from the last corrected HUD, not from the original one.

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#1850306 - 09/10/13 12:16 PM Re: Already Cured-Audit finds cured incorrectly Likes to Comply
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In the mountains
Thanks for the help!
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