Example: For a construction permanent loan, an upfront fee of $400 is charged for up to 4 inspections during the construction phase. In other documentation it is disclosed to the borrower that if additional inspections are needed, there will be a charge of $100 per additional inspection.
If one or more additional inspections are necessary, does the additional charge to the borrower trigger a need for any
re-disclosures?
Thank you for your input.
"Time is not a commodity which is manufactured; rather, it is a gift which is dispensed to us in a quantity of which we cannot be certain. Therefore, how we choose to utilize this gift is of supreme importance; for one day, perhaps when we least expect it, we will have consumed all that our Creator has allocated to us."
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"When you believe He's all you need,that will be your defining moment." [from "Defining Moment" Newsong, Sheltering Tree CD]