[Anonymous]

We require deed preparation for a purchase, in our area this is typically a seller paid item. Would you list Deed Preparation on the Loan Estimate and show a seller credit to offset the fee? Transfer tax is also typically paid by the seller would this be handled in the same manor or would you omit both from the Loan Estimate since the fees will be paid by the seller and not the borrower?

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[kowsley]

The Loan Estimate reflects those fees that are required to be paid by your consumer. If at the time of preparing the Loan Estimate you expect that the fee will not be paid by or imposed upon the consumer, omit it from the Loan Estimate. If not, it could be questioned that the Loan Estimate was not provided in “good faith”.

[Anonymous]

Can you provide a citation please? I would like something to refer back to in order to omit the seller paid deed preparation from the loan estimate.

[Author]

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