We have a loan that closed where the estimated taxes, insurance and assessments on page 1 of the CD included HOA dues as a monthly amount. This is not an escrowed item but of course must be disclosed. The HOA dues were miscalculated as a monthly amount. It should have been $200 a month but was entered as $200 a year making it $16.67 a month.
This did not affect anything that was charged or collected at closing. Only in the estimated taxes, insurance and assessments section of page 1 of the CD does it reflect the error. -On page 2 of the CD the HOA was due for the quarter and it was calculated correctly based on $200 a month instead of a year. Should we issue a revised CD for informational purposes to show the correct numbers on page 1 in the estimated taxes, insurance and assessments section? There is no amount to cure.
Thanks for any advice you can provide.