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Disclosures of Fees on Commercial Loans

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Question: 
Our sister bank was told by their examiners that they were in violation for not disclosing fees such as overnight fees on commercial loans. What fees are required to be disclosed in this instance? We typically list the loan fee and flood fee on the note under Additional Charges. What, when, where should we disclose on a commercial transaction (real estate and non-real estate related)?
Answer: 

There are no regulatory issues here. This is purely a contractual issue.

First published on BankersOnline.com 01/19/04

First published on 01/19/2004

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