Final HUD-1 w/ Errors on Comparison Chart

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Question:

A title company produces the final HUD-I and there are errors in the comparison chart on page three, but pages one and two are accurate and there are no fee tolerance issues. Is the lender or title agent required to re-disclose any of the HUD-I pages?

Answer:

Required - no, but you have technical compliance violation issues and a good faith effort to correct those issues by re-issuing a corrected HUD-1 may be looked on favorably by the regulators.

First published on BankersOnline.com 10/17/11