The more and more we train on TRID guidelines the more we realize that there is a lot of misunderstanding and/or misconceptions surrounding the “good faith” requirement and unlimited tolerances. Good faith means you’ve done your due diligence and the fee estimates on disclosures are based on the best information reasonably available at the time the disclosure is provided. So, what effect does “good faith” have on unlimited tolerances?
Published
2020/06/15