Well, the warranty deed does not concern me, but transfer taxes are definitely closing costs.
4. Misleading terms prohibited. Under §1026.16(d)(5), advertisements may not refer to home-equity plans as free money or use other misleading terms. For example, an advertisement could not state “no closing costs” or “we waive closing costs” if consumers may be required to pay any closing costs, such as recordation fees. In the case of property insurance, however, a creditor may state, for example, “no closing costs” even if property insurance may be required, as long as the creditor also provides a statement that such insurance may be required. ( See the commentary to this section regarding fees to open a plan.)
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