Thread Starter: Dan Persfull
Title: Re: TRID permissible purpose?
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If it is clear there is going to be cash back and the "automatic LE" does not reflect the appropriate charges what are your compensating factors for supporting the bank is providing the LE in good faith based on the known information at the time the disclosure was issued? Regardless what boxes were checked by the applicant the bank had full knowledge the transaction involved cash back at the time they provided the LE.
These disclosure errors are a result of the bank not having things properly set up and bank errors do not constitute a valid change circumstance for revising the disclosure.
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