Reg Z: Is a courier fee "always" a Sec. 32 charge?

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Question:

In regards to Reg Z and Sec. 32. Is a courier fee "always" a Sec. 32 charge?

Answer:

It is always a finance charge (unless you can prove that the borrower requested the service and you wouldn't have used it otherwise.) Because it is always a finance charge, it is always in the Section 32 calculations.

First published on BankersOnline.com 2/24/03