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#1576211 - 07/11/11 05:18 PM Courier Fee on GFE
complygirl Offline
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Joined: Oct 2004
Posts: 822
midwest
A check is being mailed to pay taxes on a property in a distant city. Bank wants to charge borrower the fee for sending this check UPS, where is this courier fee itemized on the GFE and HUD?

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#1576221 - 07/11/11 05:27 PM Re: Courier Fee on GFE complygirl
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,321
Galveston, TX
It would be part of the origination fee.

HUD-1 General
1) Q: How are courier and overnight delivery fees shown on the HUD-1 Settlement Statement?

A: Courier and overnight delivery fees are considered to be fees for administrative or processing services. They are part of a primary service, such as the origination service or title service, and may not be separately itemized.
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#1576230 - 07/11/11 05:33 PM Re: Courier Fee on GFE rlcarey
complygirl Offline
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Posts: 822
midwest
So it should be included as part of the origination fee on both the GFE and HUD?

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#1576238 - 07/11/11 05:41 PM Re: Courier Fee on GFE complygirl
rlcarey Online
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rlcarey
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Posts: 79,321
Galveston, TX
Yes.
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#1734865 - 08/24/12 05:52 PM Re: Courier Fee on GFE complygirl
Rdy2Retire Offline
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Joined: Dec 2004
Posts: 117
GA Mountains
So...can we only charge the borrower the EXACT cost of the courier fee since it is disclosed in Block 1 of the GFE? Or if it cost $10.53 and we know that, can we still charge the $15 that we disclosed in the GFE?

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#1735143 - 08/25/12 12:30 PM Re: Courier Fee on GFE complygirl
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,321
Galveston, TX
I would suggest you read the lastest court rulings on fee-splitting and then make your decision.
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