Answer:
Yes, a fee that qualifies as a finance charge is treated as such regardless of how it is paid.
First published on BankersOnline.com 6/26/06
Paid Outside of Closing Fees
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Question:
Regarding Paid Outside Closing fees (POC) on a HUD settlement statement, if the fee is listed as POC on the HUD settlement can it be included in prepaid finance charges? I came across a HUD with POC listed after a credit report fee and flood certification fee, but the fee is included in prepaid finance charges.
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