Hoạt động cấp khoản vayCâu 280 / 400
Between the Loan Estimate and Closing Disclosure, the recording fee (a zero-tolerance/limited-tolerance item) increases beyond the allowed tolerance. What must the lender generally do?
a.Nothing; all fees can change freely
b.Cure the tolerance violation, typically by refunding the borrower the excess amount
c.Cancel the loan
d.Re-order the appraisal
Giải thích
Under TRID tolerance rules, certain fees may not increase from the Loan Estimate beyond set limits. If they do, the lender must cure the violation, generally by refunding the excess to the borrower, usually within 60 days of consummation. It does not require canceling the loan.
Trích dẫn luật: TILA-RESPA Integrated Disclosure (TRID)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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