Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance credit report fee on HUD
Thread Options
#579427 - 07/05/06 06:31 PM credit report fee on HUD
Constance Offline
Member
Joined: May 2003
Posts: 66
The bank charges an application fee out of which it pays for credit reports. Does the bank have to list the name of the credit reporting agency and the amount paid out of the application fee on the HUD 1 settlement statement?

Return to Top
Lending Compliance
#579428 - 07/05/06 06:33 PM Re: credit report fee on HUD
TB 12 Offline
Power Poster
TB 12
Joined: Feb 2005
Posts: 6,559
Foxboro
Yes-line 804 would read: Credit report to XYZ credit company-$$$$POC
_________________________
Best QB Ever. Worst Defense Ever.

Return to Top

Moderator:  Andy_Z