Based on discussions in another thread, I'll add here that this Document preparation service can be listed in Section B (Services You Cannot Shop For) or Section C (Services You Can Shop For), depending upon the obvious: whether you will or will not allow the consumer to identify and use his own provider for this service. I admit to not understanding the logic behind allowing a consumer to select an attorney who will do the lender's security instrument and note, but apparently there are those lenders who permit it (or are required to permit it).
On the CloD, it will appear in Section B if it was in Section B on the LE. If it was in Section C on the LE, it will go in Section B if the consumer picked someone from the providers list, or failed to select someone. It will go in Section C if the consumer selected someone other than the provider(s)+ on the providers list.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8