Camila's Loan Estimate listed recording fees and a pest inspection fee from a provider on the lender's written list. No changed circumstance occurred. At closing, the combined total of those charges is 7% higher than estimated. Which statement is best?
Correct Answer
C) The charges are generally allowed because those fees fall in the 10% cumulative tolerance bucket
Recording fees and required third-party services chosen from the lender's written list generally fall into the 10% cumulative tolerance category. A 7% combined increase, without more, stays within that tolerance limit.
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