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#1456825 - 10/19/10 04:52 PM Lender paid fees
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
We are starting a program where we will pay all closing fees. Do these fees affect the APR when we do the Early Truth in Lending?

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Lending Compliance
#1456903 - 10/19/10 06:28 PM Re: Lender paid fees gunches
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
All TIL calculations and disclosures must be based on the legal obligation between the parties. When you contract (or offer to contract, subject to credit approval) to provide a no-closing-cost loan, that's what you disclose.
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