7. What three categories of fees does the revised RESPA rule create?

a) zero tolerance, b) 10 percent cumulative tolerance, c) unlimited tolerance.

Explanation:

a) In zero tolerance the rates cannot increase from the loan estimate date to the date of the closing disclosure.

b) Fees for services are added, in case the total loan estimate does not increase more than 10 percent of the total disclosed.

c) It involves rates that are not subject to any tolerance limit. All rates may increase. However, they must still be disclosed in good faith using the best information available at the time of disclosure.