Finance
A Wyoming borrower who receives a lender's Loan Estimate and finds that actual closing costs exceed the estimates by more than the allowable tolerances has:
ANo recourse since estimates are not guarantees
BThe right to cure under TRID, requiring the lender to absorb costs that exceed the tolerance✓ Correct
CThe right to cancel the loan with no penalty
D30 days to renegotiate all loan terms
Explanation
TRID establishes tolerance limits for how much certain closing costs can increase from the Loan Estimate to the Closing Disclosure. If costs exceed tolerances, the lender must provide a cure (reimburse the borrower for the excess). Zero-tolerance items cannot increase at all.
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