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#1199683 - 06/11/09 04:08 PM Construction inspection fees APR
scottb Offline
Member
Joined: Sep 2006
Posts: 77
If the customer pays the bank (paid outside of closing) for the construction inspection fee (no amount is withheld from the loan proceeds and no amount is included in the amount financed), is this a prepaid finance charge affecting the APR?

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Lending Compliance
#1199759 - 06/11/09 05:08 PM Re: Construction inspection fees APR scottb
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
Pre-paid - no. Finance charge - yes.
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#1199812 - 06/11/09 05:40 PM Re: Construction inspection fees APR scottb
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
How and when is it paid?
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...gone fishing.

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