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New RESPA Forms - Loan Fee Disclosure

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Question: 
We do not charge origination fees on residential real estate loans. We have always charged a set fee that has been called a "Loan Fee" which has always been considered a finance charge affecting the APR calculation. Where and how should we disclose this on the new RESPA forms?
Answer: 

Your "loan fee" is an origination charge by another name. It goes in Block 1.

First published on BankersOnline.com 3/22/10

First published on 03/22/2010

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