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#1788180 - 02/21/13 09:15 PM RESPA - line 1601 & 1602 on HUD-1A
SouthoftheBorder Offline
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Joined: Feb 2002
Posts: 335
The South
We collected a recording fee outside of closing in cash. I think the fee should be on line 1601 minus the settlement fee of the same amount.

I have a HUD1a were the recording fee was listed as BPOC to the left of the column; therefore no settlement fees are listed in line item 1400. And there is no info on lines 1601 or 1602.

What is the proper way to reflect this fee paid outside of closing?

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RESPA
#1788280 - 02/22/13 04:20 AM Re: RESPA - line 1601 & 1602 on HUD-1A SouthoftheBorder
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Recording fees would be in the 1200 series regardless of when paid.
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#1788558 - 02/22/13 07:36 PM Re: RESPA - line 1601 & 1602 on HUD-1A rlcarey
SouthoftheBorder Offline
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Joined: Feb 2002
Posts: 335
The South
Yes - they would be noted on that line. we have the amount to the left of the column.

I'M really asking if the dollar amounts in 1601 & 1602 can be left blank if the only settlement fee was the recording that was paid outside of closing.?

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#1788634 - 02/22/13 09:23 PM Re: RESPA - line 1601 & 1602 on HUD-1A SouthoftheBorder
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
It would not appear there, but it would appear in the comparison table.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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