Two questions:
1.What is the correct way to disclose an assignment fee for a mortgage loan on GFE and HUD? I've heard that some closing attorneys lump the recording fee and assignment fee together. Should recording fee be on 1201 and assignment on 1204 or 1205, or is it ok to disclose all on 1201.

2.Is county court's assignment fee, albeit a small fee, required to be included/excluded from finance charge?
Thanks

1. By assignment fee do you mean the fee to record the assignment of the mortgage? It should be itemized separately and included as a finance charge.

2. What's a county court's assignment fee?

As I understand the county court assessess the fee to the bank for assigning the deed and bank passes it to borrower?

That sounds like a finance charge to me. It isn't a fee for "perfecting, releasing, or satisfying a security interest."

The fee is for the recording of the assignment at the registry of deeds. The fee is included as a finance charge, and should be listed seperately. FWIW, FHA and VA does not allow this fee to be charged to the customer.

Am I assuming correctly that we would have to instruct all of our closing attorneys in all markets that the fees must be separated on the HUD-1? There are some attorneys that lump the assignment fee in the recording fee line 1201. Thanks