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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule Principal Reduction
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#2193466 - 09/21/18 11:26 PM Principal Reduction
Bville Offline
Diamond Poster
Bville
Joined: May 2001
Posts: 1,282
Out West
Does a principal reduction show on Line K04 or as an Adjustment in Section K of the Summaries of Transactions?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2193474 - 09/22/18 10:58 AM Re: Principal Reduction Bville
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,356
Galveston, TX
Adjustments in Line K, which is 1026.38(j)(v).

Paragraph 38(j)(1)(v).

1. Contractual adjustments. Section 1026.38(j)(1)(v) requires disclosure of amounts not otherwise disclosed under § 1026.38(j) that are owed to the seller but payable to the consumer after the real estate closing. For example, the following items must be disclosed and listed under the heading “Adjustments” under § 1026.38(j), to the extent applicable:
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