Ooops. Forgot the RESPA docs. Is there a cure for nondisclosure?

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Question:

A home improvement loan was closed without giving the RESPA docs. Is there a 'cure'? Can we send the GFE, etc., after the fact?

Answer:

Unlike TIL, RESPA has no "cure" provisionbut also no liability for most (all?) disclosure errors & omissions. The GFE and booklet cease to be useful when the consumer is committed to a particular deal and incurred the closing costs; however, you would probably want to send a copy of the HUD1 or 1A if there's any question that a customer received one at settlement.

First published on BankersOnline.com 9/2/03