According to the TRID Rule, how should the title premium for a new owner's policy be disclosed on the Closing Disclosure?

In the context of the TRID (TILA-RESPA Integrated Disclosure) Rule, the correct method for disclosing the title premium for a new owner's policy on the Closing Disclosure is by using the full owner's policy (Full OP) in combination with the simultaneous issue loan policy (SI-LP) and subtracting the full title premium (Full LP). This approach ensures a comprehensive view of the costs involved.

The reason this method is appropriate is that it provides clarity and transparency regarding the title insurance premium being charged to the buyer. By clearly outlining these components, it helps to delineate the costs that the buyer will incur while ensuring compliance with the TRID requirements, which aim to make financial disclosures more understandable for consumers.

In the context of the options provided, some include reissue rates or incorrect calculations of the loan policy, which are not applicable in the straightforward disclosure required by TRID for a new owner's policy. Therefore, option C is the only choice that correctly applies the necessary elements to accurately disclose the title premium in compliance with TRID regulations.