Originally Posted By PCBDebbie
Last edited by John Burnett; 07/13/16 12:08 PM.
Yes. A new CD can has to be issued for the closing to reflect the earnest money deposit.
Otherwise, Cash to Close will be incorrect or your borrower won't get credit at closing for the deposit.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8