No. If the information on the borrower's closing disclosure was correct with respect to the borrower's costs and as correct as possible based on information available to the creditor when the borrower's closing disclosure was delivered, there is no requirement that the borrower's closing disclosure be updated to reflect corrections to the seller's actual costs.
However, the settlement agent is responsible for providing the seller's disclosures, and paragraph (f)(4)(ii) of 1026.19 provides ---
"If during the 30-day period following consummation, an event in connection with the settlement of the transaction occurs that causes disclosures required under paragraph (f)(4)(i) of this section to become inaccurate, and such inaccuracy results in a change to the amount actually paid by the seller from that amount disclosed under paragraph (f)(4)(i) of this section, the settlement agent shall deliver or place in the mail corrected disclosures not later than 30 days after receiving information sufficient to establish that such event has occurred."
A copy of the corrected disclosures should be provided to the creditor, but it need not be provided to the buyer/borrower.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8