Which statement about settlement service provider fees is correct under RESPA?
Correct Answer
C) Some fees may increase if circumstances change
Under TRID, while many fees have tolerance limits, some third-party service fees may increase if circumstances change or if the borrower shops for services and selects a provider not on the lender's written list.
Why This Is the Correct Answer
Under TRID, while many fees have tolerance limits, some third-party service fees may increase if circumstances change or if the borrower shops for services and selects a provider not on the lender's written list.
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