Profile for User: hdagnew01

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  • May 18, 2022 at 3:07 pm EDT in reply to: Initial HELOC Statement #36922
    hdagnew01
    Participant

    Sorry, this is just confusing me more. So if we follow 7(b), are you saying we don’t need to do any “start-up fees” on the statement? Or we only need to include fees on the statement that are finance charges?

    May 18, 2022 at 12:20 pm EDT in reply to: Initial HELOC Statement #36919
    hdagnew01
    Participant

    Jack,
    Sorry just to confirm, if we choose to follow statement 7(b), then all fees that were paid out of the first draw would need to be in the “Fees” section of the statement, whether they are a finance charge or not?

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