Skip to content

Where to List Doc Preparation Fee on GFE

Answered by: 

We have just had a compliance exam and they said that we have included the document preparation fee as a prepaid finance charge. We are listing it on the GFE in origination fees. Is this not right.? If not, where do you put it on the GFE?

You are correct. Document preparation fees would be listed on the bank origination fee line on the GFE. However, under Regulation Z they would be excluded from the finance charge. Don't mix the RESPA and Regulation Z requirements, as they are not the same.

First published on 10/8/12

First published on 10/08/2012

Filed under: 
Filed under compliance as: 
Filed under lending 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