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#1753483 - 10/30/12 05:23 PM Fee Charged on Loans
Beckster Offline
Member
Joined: Aug 2005
Posts: 64
Minnesota
We have recently started using Compliance One from Wolters Kluwer Financial Services. When we were trained, the trainer said that we could charge a documentation (doc prep) fee on all types of loans and if we disclosed at the time of the new loan that the fee was non-refundable, a $25 fee on consumer and a $50 fee on commercial/agriculture purpose loans could be charged.

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#1753521 - 10/30/12 06:31 PM Re: Fee Charged on Loans Beckster
RR Sarah Online
Power Poster
RR Sarah
Joined: Mar 2004
Posts: 2,505
Up North
Check out Minn Stat 47.59 subd 3.
_________________________
Sometimes you have to burn a few bridges to keep the crazies from following you.

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