Posted By: Comptroll
442 fee included in APR? - 06/07/11 03:36 PM
Our compliance software is catagorizing an appraisers 442 Certificate of Completion as a PFC. Is that correct or should that fee be excluded from the APR?
Posted By: starfish
Re: 442 fee included in APR? - 06/07/11 04:09 PM
Is the inspection performed prior to closing? If so, it's not a finance charge.
Posted By: Comptroll
Re: 442 fee included in APR? - 06/07/11 04:35 PM
I think there was some confusion related to inspection fees on our construction product.
Thank you for the confirmation.