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#2042354 - 10/03/15 12:43 PM Right of Setoff
bgehres Offline
100 Club
Joined: Mar 2005
Posts: 126
Does the right of setoff get included on the CD? I couldn't find any guidance on the issue and somehow over looked it all this time. I'm guessing it would go under the Security Interest on the bottom left of page 4?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2042367 - 10/03/15 10:51 PM Re: Right of Setoff bgehres
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,310
Galveston, TX
On a real estate loan? You need to visit with your legal counsel. Most States only allow one shot at collecting a loan secured by real estate and setting off a deposit account for one payment is usually not the way to go.
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