Sec4-P25

A borrower reviews their Closing Disclosure and notices that certain estimated costs are higher than what was originally shown on the Loan Estimate. The lender confirms the fees fall under the “no tolerance” category. The borrower asks whether the lender must cure the difference. How should the lender respond?

A borrower’s Loan Estimate lists an origination charge and a rate-lock fee. At closing, both charges are higher than originally disclosed. The borrower questions whether the increase is permitted. How should the lender evaluate this situation?

A borrower’s Closing Disclosure reflects higher transfer taxes than shown on the original Loan Estimate. The lender states the increase is acceptable because it was small. The borrower disputes this. How should this situation be handled?

A borrower is permitted to shop for certain third-party services and selects a provider from the lender’s written list. At closing, the combined cost of these services increases but remains within 10 percent of the Loan Estimate. The borrower questions whether this is allowed. How should the lender respond?

A borrower’s recording fees and third-party service charges increase by more than 10 percent from the Loan Estimate to closing. The borrower questions whether the lender must absorb the difference. What is the correct determination?