Truth in Lending: 3.9.6.2.1 Overview
There are four classes of closing costs that may be excluded from the finance charge in transactions secured by real property and residential mortgage transactions,859 but only when the fees are bona fide and reasonable.860 This is an exhaustive list, which, like all the exclusions, should be narrowly construed.861 Consequently, any other charges must be assessed under the general definition and examples.