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Paid Before Closing Fee: Lender Credit

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Question: 
How are 'paid before closing' items handled on a closing disclosure if the paid before closing fee exceeds the actual invoice charge? Would the difference be a lender credit or a cure?
Answer: 

I could be reflected as a lender credit or an adjustment to another closing cost or in a variety of manners. There is no specific guidance on how to reflect this on the CD.

First published on 06/12/2016

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