If we show an item as POC on the GFE, should we also list it on the TIL?

Question:

If we show an item as POC on the good faith estimate, is it required to be listed on the TIL? If so, is it listed in the other charges paid in cash field or where would it need to show up

Answer:

There is a difference between the requirements of GFE and TIL itemizations. All fees must be listed on the GFE (even if paid outside of closing). Only fees financed need to be itemized on the TIL disclosure.

The "other charges paid in cash" field that you mention is not a requirement of TIL or Regulation Z.

First published on BankersOnline.com 10/14/02