Home › Forums › Real Estate Settlement Procedures Act/ Regulation X › HOA Fees › Re: HOA Fees
In my neck of the woods we typically don’t have to deal with HOA fees so I had to do some searching for this answer.
I went to the HUD’s FAQ’s and found this answer below:
5) Q: Where should the charge for the Homeowners Association (HOA) transfer fee be disclosed on the GFE and HUD-1?
A: The charge for the HOA transfer fee, unless it is a service required by the loan originator, need not be disclosed on the GFE. The charge for the HOA transfer fee may be shown on a blank line in the 1300 series on the HUD-1.
Here is a link to the pdf file of the FAQ’s where I found it: https://www.hud.gov/offices/hsg/ramh/res/resparulefaqs.pdf
I hope that helps!