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Compliance Q&A: Good Faith Estimate Clarifications

HUD provides needed guidance.

By CUNA Compliance Staff
August 26, 2010
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KEYWORDS services,settlement
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Q: True or false? If a credit union allows a borrower to shop for settlement services from a limited list of settlement service providers, the estimated charges for these services should be documented in Box 6, "Required services that you can shop for," on the Good Faith Estimate (GFE) form.

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