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#2222982 - 10/03/19 07:53 PM Mortgage Insurance not disclosed
Lele Offline
Platinum Poster
Lele
Joined: Feb 2007
Posts: 827
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!
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TRID - TILA/RESPA Integrated Disclosures Rule
#2223415 - 10/09/19 03:47 PM Re: Mortgage Insurance not disclosed Lele
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
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.
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