With TRID, if a closing cost, such as an appraisal fee, is paid before closing by the borrower, say $400, but the actual cost of the appraisal ends up being $375, is that simply a lender credit of $25 to reduce total closing costs? It would seem that placing the $25 as a negative number in lender credit spot under J Total Closing Costs with a notation that it is an adjustment of the appraisal fee would suffice. Is there a requirement, since it is for a specific fee, to show a negative $25 in the "paid by others" column on the appraisal fee line of the CD. That second approach doesn't seem to provide the simple clarity the first approach does.
Anyone encounter this?