Consumer-Facing Charge and Fee Guide
MISMO® announced that it is seeking public comment on revisions to the previously published Consumer-Facing Charge and Fee Naming Guide. The 30-day public comment period will run through August 6th, 2025.
MISMO developed this guide to promote the uniform usage of fee names and descriptions for the purpose of creating consistency across the industry and to facilitate efforts to comply with regulations. These efficiencies ultimately reduce costs and save time for all parties involved.
The recent updates include the addition of over 40 new fee types that were developed through industry collaboration in the Fee Modernization Development Workgroup. These new Fee Types were also included in MISMO’s recent release of version 3.6.1 Reference Model.
The public comment period allows at least 30 days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy).
MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by August 6th, 2025, and should be directed to [email protected].
Access Information for Members
MISMO Members can access the work product in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.
Access Information for Non-Members
Non-MISMO members can access the work product here.