Origination ActivitiesQuestion 219 of 400
'Services the consumer can shop for' are those for which:
a.The creditor picks the provider
b.The creditor permits the consumer to select the provider
c.No provider is needed
d.The fee is always zero
Explanation
Services the consumer can shop for are those for which the creditor permits the consumer to choose the provider. The creditor must give the consumer a written list of providers; whether a charge stays in the 10 percent tolerance or moves to no tolerance depends on whether the consumer picks from that list.
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Related questions on this topic
- The consumer may waive the CD three-business-day waiting period only when:
- If a charge exceeds the applicable tolerance at closing, the creditor generally must:
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- Before the consumer receives the Loan Estimate, if the creditor provides a written estimate of terms or costs, it must:
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