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Attorney Fee for Preparing Purchase Contract

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Question: 
If the buyer is being charged by the attorney to prepare the purchase contract, would we reflect that in Section C or Section H? Also, would the fee description have "Title" in front of it?
Answer: 

The preparation of the purchase contract has nothing to do with the loan, so it would be a Section H charge if they plan to pay for it at loan closing. It is also not related to title insurance, so it would not have "Title -" in front.

First published on 09/01/2019

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