How are fees listed on the new TRID disclosures?

The correct answer is that fees on the new TRID disclosures are listed by category. The TILA-RESPA Integrated Disclosure (TRID) rule was designed to make it easier for consumers to understand the costs associated with their mortgage transactions.

By categorizing the fees, the TRID disclosures help borrowers more clearly see which costs are associated with different aspects of the loan process, such as loan origination, services required by the lender, and services the borrower may shop for. This categorization aids in transparency and allows consumers to easily compare fees.

Listing fees by category rather than by amount, in descending order, or alphabetically ensures that borrowers can quickly identify and group related costs together, making the overall disclosure easier to navigate and comprehend.