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APR matrix For Fees

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Question: 
Is there a matrix out there (Mary Beth probably has one!) that charts APR issues like if a fee falls into what category: fee, finance charge, and prepaid finance charge, or exempt/excluded? I tried to sit down with Reg Z and make one for our bankneedless to say, I am now emailing you.
Answer: 

You may find the OCC's Truth in Lending Compliance Handbook helpful. Here is a link to it:http://www.occ.treas.gov/handbook/til.pdf

On page 95 is a flow chart that will help you decide if a fee is a finance charge or not.

First published on BankersOnline.com 7/15/02

First published on 07/15/2002

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