The CD reflects a title charge- "document preparation fee" (section B, borrower picked from the creditor list)- The Settlement Statement reflects this fee as a "signing fee" for a POA, the fee is also listed under Title charges- The compliance department states the fee is a finance charge and should be included the finance charge calculation. The fee was not included and this loan is closed.

Section §1026.4(c)(7)(i)(ii)(iii). Charges excluded from the finance charge-- seems to indicate the fee may be excluded, however, I am not sure.

Without knowing specifically what a "signing fee" for a POA really means, it is impossible to say. What specific service was performed and was it a requirement of the lender?.

Unfortunately, I don't know exactly what the "signing fee" is. According to compliance, "pretty much everyone knows a signing fee is a finance charge". I will ask them to define it for me. Thank you!

Call the title company and ask them specifically to explain that charge on that loan. Your Compliance Department is not going to know with any more certainty what is it for than you or I from that description. The real concern is that if this is NOT a fee for doc prep and that is the fee description you used on the CD, then you have additional problems.

Sorry I don't follow, "if this is a fee for doc prep and that is the fee description you used on the CD, then you have additional problems."

Sorry - typo - I fixed it

Ah! Thank you, yes that is another concern.