Thread Options
#2222982 - 10/03/19 07:53 PM Mortgage Insurance not disclosed
Lele Offline
Platinum Poster
Lele
Joined: Feb 2007
Posts: 817
In the Sun
The LO forgot to disclose the MI (mortgage insurance) dollar figure on the initial LE. The borrower did get a PMI disclosure with the initial disclosures so he knows that he has MI but the monthly premium was not shown on the LE. What can we do from here/ Can we just resend the LE? Thanks!
_________________________
Faith is seeing light with your heart when all your eyes see is darkness...

Return to Top
TRID - TILA/RESPA Integrated Disclosures Rule
#2223415 - 10/09/19 03:47 PM Re: Mortgage Insurance not disclosed [Re: Lele]
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 74,792
Galveston, TX
There is no regulatory cure for this oversight. You have a good faith disclosure violation and it is going to be a business decision as to how to cure based on any potential UDAAP citation.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top