Reg Z – How should the Loan Costs – Services You Cannot Shop For section be completed on the Loan Estimate?

Compliance > Regulation Z - TILA / TRID Specific > Loan Estimates
Q:  How should the Loan Costs – Services You Cannot Shop For section be completed on the Loan Estimate?
                  
 
A:  Regulation Z has technical requirements for the completion of the Services You Cannot Shop For section.  While creditors should review regulatory conditions and commentary, a general description of the requirement is as follows: 
 
The Services You Cannot Shop For section is included as one category of Loan Costs and is to be completed by itemizing each amount that the consumer will pay for settlement services for which the consumer cannot shop and that are provided by persons other than the creditor or mortgage broker.    Some examples of services might include:
 
  • appraisal fee
  • appraisal management company fee
  • credit report fee
  • flood determination fee
  • government funding fee
  • homeowner’s association certification fee
  • lender’s attorney fee
  • tax status research fee
  • third-party subordination fee
  • title – closing protection letter fee
  • title – lender’s title insurance policy
     
 
NOTE:  The number of items disclosed in this section shall not exceed 13.
 
 
For example, as excerpted from the fixed rate loan sample H-24(B), this could appear as follows:
 
 
 
ADDITIONAL INFORMATION – The regulatory citation for this topic is 12 CFR 1026.37(f). 

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