I need help. I have the Compliance Consulting Finance Charge Chart but I don't understand it.
I just had a call from our loan dept. wondering whether a Sun City, AZ Transfer fee; Property Assessment, and Preservation & Improvement fee were a fee or finance charge. They total over $3,000???
The chart states - Charges included unless conditions are met -Charges imposed by third parties - Conditions are -- use of the third party is not required to obtain loan and creditor does not retain the charge.
However, we have other state charges that are. State Title Registration fee - Subordination Recording Fee....What am I missing?