Fading is only one symptom of NTD, in a full blown case of it you would expect to see warping of the spine or flesh and symptoms of other deseases as the fish's physical condition, health and imune system goes down hill like finrot and cysts etc.
Its not always as highly infectious as it is sometimes seen as, as it varies so much from case to case. Sometimes it can wipe a whole tank comunity in a matter of weeks, other times it takes months to spread. It may stick to a particular species of fish in a tank, or may infect all sorts of fish. I would also like to remind people that as far as i am aware, it is not a tetra-only desease as well.
I think the best way to go about things like this is to be absolutely positive you know what you are dealing with as far as fish deseases go- don't be to quick to judge, but don't leave things until they spiral out of control. Some deseases are very easy to identify, for example white spot or mouth rot are generally quite easy to tell, but other deseases like NTD or internal parasites and bacteria are often much more difficult to indentify due to the variety of forms and symptoms they take.
Dealing with the matter at hand ASAP is always a good thing, but if it turns out you have to euthanise a fish due to fish TB or NTD, it may be best separating it first from the other fish just to let symptoms progress and become more obvious because they are often not very obvious at first (i know some people may disagree with letting a case of suspected TB or NTD progress, but there is no harm of the fish infecting other fish if it is in a separate tank- its better to be on the safe side and know exactly what you are dealing with than treat a fish with the wrong meds or even worse, euthanise it unesarsarily).
I think now days, a digital camera is just a good as peice of fish keepers kit as a water quality test kit, as people are far more likely to give you accurate diagnosis on your fishs condition if they can see what is ailing it rather than going on description only
.