Escrow & Title
At a Washington closing, a buyer receives a settlement statement that shows an unexpected $1,500 charge not in the Loan Estimate. Under TRID rules, the buyer may:
ABe required to pay the charge without recourse
BObject to the charge as it may violate TRID's 'tolerance' limits on certain fee changes✓ Correct
CImmediately cancel the closing and sue the lender
DOnly challenge the charge after closing
Explanation
TRID establishes 'tolerance' limits on fee changes between the Loan Estimate and Closing Disclosure. Certain charges (like origination fees) cannot change at all; others can change within 10% tolerance.
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