I have a question on possible re-disclosure. We issued an LE and the borrower has given intent to proceed. Things are taking longer than expected to close, due to extenuating borrower circumstances. When we issued the LE, we were not going to require the property taxes to be paid at closing since they were current and not due. Now we are into October and property tax bills have been sent from the County and are now due and payable. Which scenario is best? To re-disclose on an LE adding the property taxes on there or just disclose it on the CD and document the file? Thanks.

It would have to be added to the next disclosure issued. Sending a revised disclosure would not be required. And yes, make sure you have adequate documentation.

Thank you for your response. Sometimes you just want verification that your thinking path is correct.