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Construction Funds

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    CaitlinTurner
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    We recently had an external compliance audit and they cited us for not including construction funds ( amount available for future draws towards construction) in the payoff section of the Loan Estimate and the Closing Disclosure. We have always shown those funds in the Cash to Close section of the forms. Should we be including those funds in the total payments and payoff section of the forms? We just want clarification before we change our methods.

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