Answer:
Here is a simple formula you can use: HUD 1 - (GFE +10%) = Cure
First published on BankersOnline.com 11/15/10
Exceeding Tolerance: What to Credit
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Question:
How do I determine the amount to credit a customer when my charges have exceeded the 10% tolerance? For example, the GFE showed $957 and HUD-1 was $1,407.85 - difference $450.85
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