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Disclosure of Prepaid Property Taxes

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Question: 
Is the disclosure of prepaid property taxes required on both the LE and CloD only if a creditor requires that this be prepaid?
Answer: 

Section F (prepaids) of the LE and CloD is only used to disclose sums that the lender actually will require/requires the borrower to pay at closing. If you don't require it, you don't disclose it.

First published on 11/29/2015

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