What does misapplication reversal mean?

a check from my mortage co. pay to the order of me. what is this for?

1 Answer

  • Lauren F
    1 month ago

    Looks like they misapplied some funds and are now refunding something to you. I would call them up and ask for an accounting of the last six months’ worth of transactions. Could be that they gave you credit for another customer’s payment by mistake.

    Don’t cash the check until you understand what it is for.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Questions