What HUD-I line number should be used for Tax Service and Flood Determination fees?
Since such services are generally required by the lender, tax service and flood determination fees should be listed on any of the blank lines in the 800 series of the HUD-I or HUD-IA. (17) A bank charges a fee for document preparation. A portion of the fee goes to the bank and a portion goes to the attorney. Should this fee be split and placed on two separate HUD-I line numbers? If so, which line numbers should be used? Answer: The regulations specify that “[for all items, except for those paid to and retained by the lender, the name of the person or firm ultimately receiving the payment should be shown.” (See Instructions). The correct method of disclosing this item would therefore be to separate that part of the fee that the bank pays the attorney and to list it on line 1105 or 1107. The remaining portion of the fee, which relates to the document preparation work actually performed by the lender, should be separately identified in one of the blank lines of the 800 series. It is impor
