Finance
Under the TRID (TILA-RESPA Integrated Disclosure) rules, which fee cannot increase at all between the Loan Estimate and Closing Disclosure (Zero Tolerance)?
ATitle insurance premiums
BLender fees and charges for required third-party services selected by the lender✓ Correct
CProperty taxes
DHomeowner's insurance premiums
Explanation
Under TRID, lender origination fees and charges for required services where the lender selects the provider (Zero Tolerance category) cannot increase between the LE and CD. Increases require a new Loan Estimate with a valid Changed Circumstance.
Related Texas Finance Questions
- Texas's 'Homestead Preservation District' (HPD) program is designed to:
- A Texas borrower with a 720 credit score and 5% down payment on a $300,000 home will most likely need:
- The Truth in Lending Act (TILA) requires lenders to disclose the Annual Percentage Rate (APR) to borrowers. The APR differs from the interest rate because it:
- Texas law requires that a Notice of Right to Cancel (right of rescission) be given to borrowers in which of the following transactions?
- A Texas borrower applies for a $500,000 mortgage in 2024. This loan likely exceeds the conforming loan limit and would be classified as:
- A Texas property has an existing assumable VA loan at 3.5% interest. A new buyer who is not a veteran:
- Private Mortgage Insurance (PMI) is typically required on a conventional Texas mortgage when the loan-to-value (LTV) ratio exceeds:
- In Texas, a borrower can reduce their mortgage payment by making extra principal payments. This strategy is beneficial primarily because:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →