TRID: How Shopping Impacts Tolerances
Section B of the Closing Disclosure (“Services Borrower Did Not Shop For”) can include items that are subject to different tolerances. For instance, it could include third-party services where the consumer is not allowed to shop for a provider (0% tolerance). This might include things like the appraisal, credit report, etc. It could also include third-party services required by the lender where the applicant is allowed to shop but does not do so (10% tolerance non-affiliate / 0% affiliate). Finally, it could include third-party services required by the lender where the applicant chooses a provider included on the shopping list (10% tolerance non-affiliate / 0% affiliate). Whether the applicant shops determines where the charge appears on the Closing Disclosure and it could be different than where it was disclosed on the Loan Estimate.
Jerod explains more in the video.
Published
2026/01/07
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!