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Passing on fees for automated underwriting system

Answered by: 

Question: 
Can fees for automated underwriting systems (Desktop Underwriter and Loan Prospector) be charged to the borrower? Are they a finance charge under Reg Z?
Answer: 

Yes you can pass them to the borrower and yes it would be a finance charge.

First published on BankersOnline.com 1/3/05

First published on 01/03/2005

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Filed under compliance as: 

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