The fee shown on that line on the Hud (Notary fee) really shouldn't include anything BUT the actual state-allowed fee, for the actual notarizations. The reason for that is because notary fees are not designated to be included in the APR calculations - while the added items (mileage, printing, SS portion, etc) ARE in the APR calculation.
When a lender prepares their HUD (assuming they calculate their APR's correctly), they'll guesstimate a reasonable (or even factual!) fee for the actual notarizations, and enter that on the Notary line - dump everything else into an APR fee line (like "Settlement/Closing cost" line). With the lending software, the HUD 'APR' lines are hard-coded and the TIL is generated by those lines/fees.
Some T/C will follow the lender's Hud exactly - some will part things out differently, but totals will be the same; some lenders require their Huds to be signed. Some lenders don't correctly calculate these fees. So - sometimes you'll see this parted out like you did, sometimes not. |
