If the title search was not shoppable by the consumer, the cure would be $200. Fees subject to 0% tolerance are a line by line item. If all the fees listed were shoppable and subject to the 10% aggregate test, then the cure would be $170, as the fees that are not actually charged (recording and settlement), they don't get added into the aggregate totals.
Tolerance/Cure Amount for LE/Closing Disclosure
I'm new to TRID and trying to understand tolerance and cure amounts for things such as the following: Loan Estimate : - Recording Fees $32.00 - Settlement Agent Fee $500 and - Title Search $300.00 Closing Disclosure: Title Search $500.00 What would be the tolerance cure?
First published on 06/16/2019