Posted By: Many Hats
Itemization of Amount Financed - 10/17/12 10:50 PM
Isn’t the Itemization of Amount Financed required on the early TIL, or is it only really required on the final? Typically I see it included on the early TIL documents.
Posted By: RR Joker
Re: Itemization of Amount Financed - 10/18/12 01:23 PM
IF you have a HUD (which you would if you have an early TIL required), the Itemization is not actually required.
If you can't get rid of the fields, you can possibly insert **Refer to Settlement Statement** in that section.
ETA:
(3) Good faith estimates of settlement costs provided for transactions subject to the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq. ) may be substituted for the disclosures required by paragraph (c)(1) of this section.