We have been told in the past by auditors when preparing a closing disclosure and there are fees being charged to our customer that is a Bank fee, such as a wire fee, it is to be listed is section A. If this fee is being paid by the seller does it still have to go in section A or section H (other) of the CD?
If the bank imposes a fee, such as a wire fee, it is listed in Section A. When that fee is paid by the seller, then on the closing disclosure it is moved from the “borrower-paid” column to the “Seller-Paid” column.