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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule Owner'sTitle Insurance on Closing Disclosure?
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#2037472 - 09/07/15 01:24 PM Owner'sTitle Insurance on Closing Disclosure?
Compliance Poster Offline
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Joined: Sep 2001
Posts: 445
On the Closing Disclosure, if the borrower chooses to purchase owner's title insurance is this item listed in C. Services Borrower Did Shop For or H. Other?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2037474 - 09/07/15 06:10 PM Re: Owner'sTitle Insurance on Closing Disclosure? Compliance Poster
John_Burnett Offline
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John_Burnett
Joined: Feb 2013
Posts: 307
Cape Cod
Section C is only used for services required by the creditor for which the borrower shopped (see 12 CFR 1026.38(f)(3)). Since OTI is optional, it has to go in Section H.
Last edited by John Burnett; 09/08/15 02:13 PM.
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