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#2031836 - 08/05/15 12:21 PM Kansas: Finance Charges
rrush Offline

Registered: 12/07/11
Posts: 72
We are doing a mortgage loan in Kansas (buying a home) - we are located in Nebraska. There is a Mortgage Registration Tax that will be charged. We need to know if this fee is a "finance charge" - would it be charged in a similar cash transaction? Also - where would this go on the GFE/HUD? Bock 7 and line 1206? Any help would be appreciated.

Edited by rrush (08/05/15 12:52 PM)

#2036035 - 08/27/15 02:01 PM Re: Kansas: Finance Charges [Re: rrush]
Patricia Offline
Gold Star

Registered: 03/28/11
Posts: 298
Loc: Kansas
We put that in Block 8 on the GFE and on the HUD-1 it goes on line 1203 in the borrower's column and on line 1204 but not in borrower's column. This fee is not a Finance Charge and it has zero tolerance.