A borrower is told by the lender that certain closing costs may change between the Loan Estimate and Closing Disclosure. Under TRID, which of the following fees has the strictest tolerance limit?
Correct Answer
D) The lender's origination fee, which is in the zero-tolerance category and cannot increase at all
The lender's origination fee is in the zero-tolerance category—the strictest level. It cannot increase by even one dollar from the Loan Estimate to the Closing Disclosure.
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