A borrower compares the Loan Estimate to the Closing Disclosure and notices that the recording fees increased by $50 from $350 to $400. Recording fees are set by the government. Under TRID tolerance rules, is this increase allowed?
Correct Answer
C) Yes, because recording fees set by the government are in the 'no limitation' category and may change by any amount
Under TRID, certain charges have no tolerance limit—they may change by any amount from the Loan Estimate to the Closing Disclosure. Government recording fees are generally in this category because the lender has no control over government-set charges.
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