Answer:
In the comparison chart on page 3 the actual cost of the service will be shown in the HUD column.
First published on BankersOnline.com 5/23/11
Curing a Tolerance Violation on HUD-1A
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Question:
I have a question regarding how to properly reflect curing a tolerance violation on a HUD-1A. Is the amount listed in the HUD-1A column on page 3 of the HUD-1A the total charge, or is it the net of the credit given to cure the tolerance. For example, if a title fee is $350.00 and the amount that must be credited in order to meet the tolerance is $100...Does the HUD-1A column on page 3 show $350 or $250? Page 1 of the HUD-1A will show the $100 as POC closing by the lender.
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