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Calculating Reimbursement for Tolerance Violation

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If a Real Estate Loan gets closed and there is a tolerance violation of more than 0.125% from the most recent early TIL and the Final TIL; How do I calculate the reimbursement? This is the first time this has happened and I have made sure that there is no pattern of practice in this case.

An early TIL cannot trigger reimbursement if a final TIL is provided. Judge the accuracy of the final TIL and reimburse if it is out of tolerance.

First published on 7/1/13

First published on 07/01/2013

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Filed under lending as: 

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