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#2254238 - 05/21/21 09:14 PM Modification Fee on consumer real estate
KeepSmiling Offline
Member
Joined: Jun 2008
Posts: 70
Can we charge a $25.00 extension/modification fee or doc prep fee on a consumer real estate change in terms?

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Lending Compliance
#2254240 - 05/21/21 10:21 PM Re: Modification Fee on consumer real estate KeepSmiling
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,622
Galveston, TX
Allowable fees and charges are a State law issue.
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#2254250 - 05/22/21 03:51 PM Re: Modification Fee on consumer real estate rlcarey
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,009
Toano, VA
Originally Posted by rlcarey
a State law issue
...and not a TIL-disclosable event unless you handle it in a way that amounts to a "refinancing."
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...gone fishing.

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