Includes any charge payable directly or indirectly by the consumer
and imposed directly or indirectly by the creditor incident to or required by the
Lender except for fees that would be charged in a comparable cash transaction. Fees
specifically exempt are appraisals, credit reports, doc prep, seller's points, hazard
or flood insurance premiums, some title fees. When a fee is charged by a third party
and increased to benefit the lender, the increased amount is called an upcharge.
The portion retained by the lender should be considered a finance charge, even on
exempt fees. The chart below may not be all inclusive.
Disclaimer: The list below was compiled using fee names that are commonly used by many lenders. If using this resource to determine whether a fee is a finance charge under Regulation Z, Section 1026.4, please note that the name of the fee by itself is not determinative as to whether the fee is considered a finance charge. An examination of the actual service being provided and charged for is the only method to definitely determine whether the fee is considered a finance charge under Regulation Z. In addition, secondary market investors may have additional overlays for certain fees that do not exactly track Regulation Z finance charge requirements.
Anyone reviewing the information below should consult with internal legal and compliance resources before making a final determination regarding the finance charge for any particular transaction.