Announcement 19-0039: TILA Finance Charges Update

Overview

TILA 1026.4(c)(7) Real-Estate Related Fees; permits the Doc Prep and Notary Fees to be excluded from the Finance Charge (APR). Carrington Mortgage Services, LLC (CMS) has updated Mavent to account for this change.

The following changes are effective June 4, 2019:

  • Mavent will not include these fees in the Finance Charge or APR

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.