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Lender Credit Due to Charge for Transfer Taxes

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A residential mortgage disclosed a lender credit for $200 due to a charge for transfer taxes. At closing the $200 charge was no longer applicable as mom and dad remained on the title. As a result, the title company took away the $200 fee that they had disclosed on their estimated statement and said the charge wasn’t applicable any more. Is the Bank is still responsible for issuing the lender credit of $200, although the corresponding charge has gone away?

Was this a lender credit or a cure? Cures can change.

First published on 01/05/2020

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