Skip to content
GeoDataVision
Thread Options
#2152382 - 11/06/17 04:40 PM Finance Charge Question
Crazy Bank Lady Offline
100 Club
Crazy Bank Lady
Joined: Jun 2005
Posts: 105
Missouri
We are paying off a loan at another financial institution via wire transfer. The institution that is being paid off is charging $19 to receive the payoff via wire transfer. Does that $19 fee need to be disclosed as a finance charge on our loan since we are requiring that the funds be wired? Thanks for any help!

Return to Top
Lending Compliance
#2152386 - 11/06/17 04:59 PM Re: Finance Charge Question Crazy Bank Lady
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,907
Galveston, TX
Yes.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2152389 - 11/06/17 05:05 PM Re: Finance Charge Question rlcarey
Crazy Bank Lady Offline
100 Club
Crazy Bank Lady
Joined: Jun 2005
Posts: 105
Missouri
Thank you for your help!

Return to Top

Moderator:  Andy_Z