If fees are collected more than the allowable tolerances, when must the mortgage company refund the difference to the consumer?.

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asked Mar 1, 2023 54.0k views

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Cork Kochi · Answer 1 · 2023-03-05T00:24:40+0000

Answer:

If the sums paid by the borrower at closing exceed the amount indicated on the loan estimate beyond the applicable tolerance threshold, the lender must reimburse the excess to the borrower no later than 60 calendar days after consumption.

Sorry for the bad English, love from Vanuatu!

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If fees are collected more than the allowable tolerances, when must the mortgage company refund the difference to the consumer?.

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