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Disclosing Premium Fee on GFE

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Question: 
Concerning a mortgage loan with voluntary credit life insurance, do I disclose the premium fee on the Good Faith Estimate?
Answer: 

Yes. Line 904 or 905.

…additional sequentially numbered lines are used to list additional items required by the lender (except for reserves collected by the lender and recorded in the 1000 series), including premiums for flood or other insurance. These lines are also used to list amounts paid at settlement for insurance not required by the lender. [Appendix A to Part 3500]

First published on BankersOnline.com 1/10/11

First published on 01/10/2011

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