Answer:
See the Decemeber 2010 RESPA ROUNDUP.
First published on BankersOnline.com 5/13/13
Disclose Original Cost of Report As POC Item?
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Question:
Our loan policy allows our loan officers to rely on a credit report for existing customers if the report is less than 1 year old. Should we be disclosing the original cost of the report as a POC item on the settlement statement?
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