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CBC Credit Bureaus Fees Passed On To GFE

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Question: 
I noticed on invoices on CBC credit bureaus the company is charging additional fees besides the cost of running the credit bureau. The fees include items like a $9 charge to update credit bureau records. $55 charge for something called 3 system residential mortgage. The bank passes these costs on to the customer on the GFE as credit bureau fees when the actual cost of the running the bureau is ~ $20.90. Should the bank be passing the extra charges from CBC on to the customers which do not appear to be costs of the actual bureau? No other credit bureau service appears to be adding charges to their bills.
Answer: 

Whether you pass on these additional costs to the applicant is up to the bank. The bank however is required under RESPA to disclose all costs involved in making the mortgage loan, including these additional fees, if applicable.

First published on 04/21/2014

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