Re-disclosure of the CD

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Question:

If a fee is deleted on the closing disclosure in section B and the disclosure was sent out for signing, do we re-disclose to the borrower and show that fee as a Lender Credit?

Answer:

Not sure of the actual question. If they mean, is a post closing CD triggered? The answer would be no as it does not involve an amount actually paid by the borrower.

Official Interpretation
19(f)(2)(iii) Changes due to events occurring after consummation.
1. Requirements. Under § 1026.19(f)(2)(iii), if during the 30-day period following consummation, an event in connection with the settlement of the transaction occurs that causes the disclosures to become inaccurate, and such inaccuracy results in a change to an amount actually paid by the consumer from that amount disclosed under § 1026.19(f)(1)(i), the creditor shall deliver or place in the mail corrected disclosures not later than 30 days after receiving information sufficient to establish that such event has occurred.