What happens when you forget a fee on the Loan Estimate and it’s added to the Closing Disclosure, but it is in an Unlimited Tolerance Category?
If you miss disclosing the fee on the Loan Estimate, you will be in violation of the good faith standard. The Commentary to §1026.19(e)(3)(iii) #3 states that this type of error would move the fee to zero tolerance.
Join us for the TRID From A-Z. We will answer all the questions submitted during the live webinar, in writing.