Posted By: SouthoftheBorder
RESPA - line 1601 & 1602 on HUD-1A - 02/21/13 09:15 PM
We collected a recording fee outside of closing in cash. I think the fee should be on line 1601 minus the settlement fee of the same amount.
I have a HUD1a were the recording fee was listed as BPOC to the left of the column; therefore no settlement fees are listed in line item 1400. And there is no info on lines 1601 or 1602.
What is the proper way to reflect this fee paid outside of closing?
I have a HUD1a were the recording fee was listed as BPOC to the left of the column; therefore no settlement fees are listed in line item 1400. And there is no info on lines 1601 or 1602.
What is the proper way to reflect this fee paid outside of closing?