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#667360 - 01/17/07 07:22 PM Finance Charge job aid
kitten Offline
10K Club
kitten
Joined: Jul 2006
Posts: 12,579
Not prison
I am looking for a job aid that will help me to remember what fees can be included in the finance charge. Does anyone have a "cheat sheet" with a comprehensive list they can share?
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I shall call you Thunder Twonk. ~TfD

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#667384 - 01/17/07 07:38 PM Re: Finance Charge job aid kitten
Angel Eyes Offline
Power Poster
Angel Eyes
Joined: May 2001
Posts: 4,599
OCC Reg Z Handbook
See page 100 for a great chart!

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#667388 - 01/17/07 07:40 PM Re: Finance Charge job aid Angel Eyes
kitten Offline
10K Club
kitten
Joined: Jul 2006
Posts: 12,579
Not prison
You are a GODDESS!!! Thank you.
_________________________
I shall call you Thunder Twonk. ~TfD

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#667547 - 01/17/07 09:48 PM Re: Finance Charge job aid kitten
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
CAUTION! A list prepared by someone else, even a regulator, is simply a starting point. Before you can use this list you will probably need to apply the "duck test." After translating your bank's name for each fee, compare it with the list. Fees can be called lots of different names, so you need to review the nature of your fees and categorize them in the manner required by Reg. Z. If it walks like a FC and quacks like a FC, it doesn't matter what your lender's call it--it's a FC!
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