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BankersOnline.com Forums Banker Forums Newbie Nook 442 fee included in APR?
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#1561437 - 06/07/11 03:36 PM 442 fee included in APR?
Comptroll Offline
Junior Member
Comptroll
Joined: Apr 2011
Posts: 31
Northwest
Our compliance software is catagorizing an appraisers 442 Certificate of Completion as a PFC. Is that correct or should that fee be excluded from the APR?
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"Be careful out there"
Sgt. Esterhaus

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#1561474 - 06/07/11 04:09 PM Re: 442 fee included in APR? Comptroll
starfish Offline
Gold Star
starfish
Joined: Jun 2003
Posts: 416
Seattle
Is the inspection performed prior to closing? If so, it's not a finance charge.

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#1561500 - 06/07/11 04:35 PM Re: 442 fee included in APR? starfish
Comptroll Offline
Junior Member
Comptroll
Joined: Apr 2011
Posts: 31
Northwest
I think there was some confusion related to inspection fees on our construction product.
Thank you for the confirmation.
_________________________

"Be careful out there"
Sgt. Esterhaus

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