How should we calculate Lender's and Owner's Title insurance for TRID purposes? Is it the same for the LE and CD?
Answer: Lender's Title should be disclosed at its full premium without considering any discount from purchasing Owner's Title. For Owner's Title, you take the full Owner's Title plus the discounted Lender's Title, then subtract the full amount you disclosed for Lender's Title. This calculation applies to both the LE and CD.
Lender's Title = Cost of Lender's Title without purchasing Owner's Title
Owner's Title = (Owner's Title + discounted Lender's Title) - Cost of Lender's Title without purchasing Owner's Title
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