The implementation of the TILA-RESPA Integrated Disclosure Rule (TRID) has raised many questions on how to correctly disclose credit reporting fees. Because of wide variances in cost between borrowers and a zero-tolerance provision, it is important to have a consistent compliance method. To assist in selecting among TRID compliant methods, we’ve compiled a list of frequently asked questions. This is provided for general information purposes and is not legal advice. As with any legal/compliance issue, you should consult counsel qualified in your venue.
UPDATE 6/15/2016: All change requests received to date have been processed. Accounts not indicating a preference have been transitioned to the Inclusive method (this method provides the lowest total costs for most lenders).