Help with Point: What’s printing on your TIL?

BJ Bounds

If your borrower is waiving escrow, estimated taxes and insurance payments do not need to appear on the Truth-in-Lending form.

However, Point 7.6 prints those two amounts on the TIL every time.  If your borrower has waived escrow, there is a simple work-around to keep taxes and insurance from printing on the TIL in those situations.

All you need to do is remove them from page 2 and enter them on the Fees Worksheet instead.

If you want step-by-step instructions with screen shots, please visit our Knowledge Base article #755.

 

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