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#629078 - 10/25/06 05:34 PM Passing cost of credit reports on to borrowers
Sooner Fan Offline
100 Club
Joined: May 2005
Posts: 220
Where the wind blows swiftly d...
If the cost of the credit report is being passed onto the customer/borrower, wouldn't it need to be disclosed as a finance charge?

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Lending Compliance
#629079 - 10/25/06 05:39 PM Re: Passing cost of credit reports on to borrowers
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,533
Bloomington, IN
Only for non-real estate secured loans.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#629080 - 10/25/06 05:51 PM Re: Passing cost of credit reports on to borrowers
Sooner Fan Offline
100 Club
Joined: May 2005
Posts: 220
Where the wind blows swiftly d...
Ok, thanks, Dan!

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