(a) The incidental expenses payable is the amount necessary to compensate the homeowner or tenant for actual costs incurred incident to the purchase of a decent, safe, and sanitary dwelling, including the following:
- (1) Legal closing costs, including title search, preparing conveyance contracts, notary fees, surveys, preparing drawings of plots, and charges incident to recordation.
- (2) Lender, FHA or VA appraisal fees.
- (3) FHA or VA application fees.
- (4) Certification of structural soundness when required by the lender, FHA, or VA.
- (5) Credit report.
- (6) Title policies or abstract of title.
- (7) Escrow agent's fee.
- (8) State revenue stamps or sale or transfer taxes.
- (b) An incidental expense which is part of a finance charge under the Truth in Lending Act, Title I, Public Law 90-321, and Regulation "Z" issued thereunder by the Board of Governors of the Federal Reserve System may not be reimbursed.
(Effective April 30, 1975)