We showed the closing fee of $275 on the LE, however, we did not have it marked as a PPFC. Now we are working on the CD and noticed this and changed it to a PPFC.
The APR is not off by more than 1/8th ... but shouldn't we still credit the borrower ..still have an APR violation? I am reading https://www.fdic.gov/regulations/laws/rules/6000-300.html#fdic6000130
section 130 and confusing myself.
Also, we don't have to send out another LE showing the correct APR...we can disclose this on the CD, right?