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 material below is for general informational purposes only and is not intended to be a substitute for professional compliance assistance. Anyone reviewing the below information should contact his or her own compliance professionals to obtain advice with respect to any issues or questions related to a particular transaction.