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#1154623 - 03/31/09 04:28 PM RESPA - ABA
mzachau, CRCM Offline
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mzachau, CRCM
Joined: Oct 2006
Posts: 470
San Francisco
RESPA allows for lenders to use "ranges" for using suggested service providers but are not required by the lender. Is it compliant if we used the following verbiage for the range

"$0 to 2% of the loan amount"

This is the range for a Broker fee

We are transitioning to Mortgagebot and they are suggesting this verbiage, didn't see anything in the regulation which would prevent us from using this verbiage

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Lending Compliance
#1155514 - 04/01/09 04:11 PM Re: RESPA - ABA mzachau, CRCM
Pickles Offline
Gold Star
Joined: Apr 2006
Posts: 275
Beach Bum, East Coast, USA
we are using "$xx.xx to Quote"
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