Good morning,
One of our PMI reps introduced a new product to my FI. It is a pmi buy-down to lower the monthly pmi. The buy-down will be paid to the pmi company. Would that be disclosed in Section B if paid by the borrower? Would it be disclosed in Section H if paid by the seller?

Thank you.

A charge is either required or not - it doesn't move based on who pays for it. It would be Section B. Also, you are going to have to watch out for Section 32 issues with upfront PMI - regardless of who pays for it.

Thank you for your quick response, Randy...and thank you for reminding me with including it in the Sec 32 fees!