Where should the survey fee be disclosed on the HUD-1?
The location of the survey fee on the HUD-1 is determined as follows: (a) if the loan originator required a survey as a condition of the loan and the borrower selected the settlement service provider, the charge for the survey must be listed on a blank line in the 800 series in the borrower’s column; (b) if the loan originator required a survey as a condition of the loan and the borrower selected the settlement service provider, the charge for the survey must be listed as part of the total in Line 1301 of the HUD-1 and itemized as applicable; (c) if a survey was required to issue a lender’s or owner’s title insurance policy, the charge for the survey is part of the charge in Line 1101 and must be further itemized if performed by a third party; (d) if the borrower elected to obtain a survey that was neither required by the loan originator nor required to issue a lender’s or owner’s title insurance policy, then the charge is listed in the borrower’s column on a blank line in the 1300 ser
Related Questions
- If a borrower selects an attorney to represent the borrowers personal interests at settlement, where is this attorneys fee disclosed on the HUD-1?
- Where should the settlement agent list the commitment fee, wire fee and other miscellaneous title fees on the HUD-1?
- Where should the charge for the Homeowners Association (HOA) transfer fee be disclosed on the GFE and HUD-1?
