Is there a Texas state a tolerance amount that Texas FIs have to be aware of on Rate & Term Refis? If I am understanding correctly there can be no cash out at closing for these types of refi's, but I need to know about situations where we would be giving a refund on a miscalculation or change in an estimated amount? Is there a specific amount (% or flat amount) that can be tolerated for these situations?

Hope this makes sense.

Thanks in advance.

I know of no such tolerance. I would reflect it as a principal reduction on the CD.

Thanks for your help! This makes sense.