"38(f) Closing cost details; loan costs.
1. Lender-paid charges and specific lender credits. Charges that are designated as paid by others under Â§ 1026.38(f) and (g), below, may include the letter â€œLâ€ in parentheses, i.e. â€œ(L),â€ to the left of the amount in the column to designate those charges paid by the creditor pursuant to the legal obligation between the creditor and consumer."
A key word in that comment is "may." It's not a requirement. And its use is not restricted to specific credits made to cure tolerance violations.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8