Skip to content

New RESPA Forms - Loan Fee Disclosure

Answered by: 

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?

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

First published on 3/22/10

First published on 03/22/2010

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics