While reviewing the Final Closing Disclosure post closing, an item raised a question. I searched forums and could not an answer so here is my question.
The closing docs are all dates 3/17 and the loan was actually signed 3/18 and disbursed one day later on 3/23. This obviously impacts the prepaid interest, in this case by $72. I believe we need a post closing revised CD and refund the borrower $72.
As a side note, the Right to Cancel was edited to reflect the correct dates and initialed by the borrower.
Anyone confirm my thought process? Thanks in advance.
Old School Banker