A revised CD is going to be delivered to a borrower (post-close) due to a refund on a fee charged for a service that did not subsequently have to be performed. In the original CD, my FI also showed an escrow holdback for repairs that needed to be completed on a property. The repairs have been completed, and the mortgage dept is now releasing the escrow back to the consumer. Should the escrow release also reflect on the revised CD?

Thoughts? Thank you.

The revised closing disclosure should reflect the figures that should have been charged at closing. That means it will not show the service that was not performed and for which a refund it being (or has been) made.

As I understand it, the escrow holdback for repairs was enforced at the closing, and its release is a subsequent event. It does not get removed from the closing disclosure because it was property held from closing funds at the closing.

Thank you, John!