Can somebody clarify this for us? Long ago I was at a meeting and told we were required to put the real estate tax amount and hazard insurance on the GFE & HUD as poc. Is this still correct???
I just got a verbal opinion from the OCC regarding disclosure of real estate taxes on the GFE. They said it should be disclosed for purchase money transactions but for refi's and 2nds it's only necessary if you are escrowing or if the customer is delinquent on thier taxes. IMHO it seemes easier to just put it on, but I thought I'd pass along the info.