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#210838 - 07/14/04 04:29 PM GFE
Queen Mum Offline
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Queen Mum
Joined: Mar 2001
Posts: 3,920
OK
We have just been informed that Credit Report fee is to be shown on GFE and Hud-1 as POC just as Hazard Insurance and Taxes. I have never heard this before. We don't escrow, that's why HI and Taxes are shown POC. We don't pass the charge of the credit report on to the customer either. Anyone else being told this?

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Lending Compliance
#210839 - 07/14/04 06:58 PM Re: GFE
Anonymous
Unregistered

Yes, you must list all charges even the ones the bank pays for the customer.

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#210840 - 07/14/04 07:08 PM Re: GFE
P*Q Offline

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P*Q
Joined: May 2001
Posts: 8,458
Somewhere
We've always listed POC for the credit report on the GFE. If you're paying for it, I'd list it as POC by lender.

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#210841 - 07/15/04 12:14 AM Re: GFE
Queen Mum Offline
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Queen Mum
Joined: Mar 2001
Posts: 3,920
OK
Thanks! Of all the discussions back when they wanted taxes and insurance listed and criticized us not once was this ever mentioned until now. It even made it through the last exam without ever being mentioned. But guess we will list it now!

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