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GFE Tolerance Question

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  • #2527
    cjernigan1211
    Participant

    Under the April 2, 2010 RESPA FAQ, the question and answer states
    “Q: Is there a potential tolerance violation if the amount in Line 801 on the HUD-1 decreases from the amount disclosed in Block 1 of the GFE?”
    “A: No”

    Does the proceeding question extend to Line 1203 when there is a decrease in transfer taxes? My thinking is yes, since it is in the same 0% tolerance category; however, could I please get some additional feedback. Thanks for your help.

    #2975
    dmurray
    Participant

    If there is a decrease from what was originally stated on the GFE, then there is not a violation.

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