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#1919903 - 05/02/14 06:30 PM TIL redisclose or not
ynot Offline
Member
Joined: Sep 2011
Posts: 81
Florida
Need to know what we are required to do.....We have found in our auditing of a file that just closed that we overcharged a loan fee. We disclosed it as $200 on the early TIL and on the final TIL as well, but the fee was supposed to be $150. We feel that we should refund the $50.00, but we are unsure if we need to send a new TIL.

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Lending Compliance
#1919945 - 05/02/14 07:20 PM Re: TIL redisclose or not ynot
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
If you disclosed what you actually charged, this is not a Regulation Z issue. If you want to refund a fee you previously charged them - cut them a check and send them a "bank error collect $50" letter.
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