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#2237126 - 05/21/20 09:05 PM Buttler Credit - Where to Disclose LE and CD
compliance75 Offline
100 Club
Joined: Oct 2016
Posts: 105
At least in Florida, if a person is purchasing a home they get what is known as a "Butler Credit" for purchasing the owner's title insurance. What would be the best place to disclosure this credit, since it is not a "seller's credit" nor a "lender's credit", the credit originates from the title company? Thank you.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2237127 - 05/21/20 09:19 PM Re: Buttler Credit - Where to Disclose LE and CD compliance75
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Section L - Other Credits

Paragraph 38(j)(2)(vi).

1. Credits from any party other than the seller or creditor. Section 1026.38(j)(2)(vi) requires disclosure of a description and the amount of items paid by or on behalf of the consumer and not disclosed elsewhere under § 1026.38(j)(2). For example, credits a consumer receives from a real estate agent or other third party, other than a seller or creditor, are disclosed pursuant to § 1026.38(j)(2)(vi).
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#2237138 - 05/22/20 01:02 PM Re: Buttler Credit - Where to Disclose LE and CD compliance75
compliance75 Offline
100 Club
Joined: Oct 2016
Posts: 105
Thank you!

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