Legal Question in Real Estate Law in Florida

Failure to disclose YSP

What is the consequence to the mortgage broker, lender, or title company if the YSP was not disclosed on the HUD-1 at closing in 2005?


Asked on 1/18/09, 4:40 pm

1 Answer from Attorneys
Justin Schmidt Law Office of Justin B. Schmidt, P.A.

Re: Failure to disclose YSP

No consequence. The yield spread premium is not required to be disclosed by lender or mortgage broker.

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Answered on 1/19/09, 2:43 pm


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