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#1091293 - 12/03/08 08:59 PM FINANCE CHARGE
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
We are doing a real estate loan, closing will be done by a title company. The title company is charging a loan document fee as part of their fees. Is this a finance charge?

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Lending Compliance
#1091348 - 12/03/08 09:31 PM Re: FINANCE CHARGE gunches
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
If reasonable and bona fide doc prep fees are exempt on real estate secured loans.
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The opinions expressed are mine and they are not to be taken as legal advice.

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