I have a new director that wants us to impose a early closure fee on our HELOC loans. He knows he can't charge them for pre payment on the loan, but if they close it he wants to charge them $200. I don't think it's allowed...can anyone help me? I appreciate any assistance anyone can provide!!(This would be on new ones only, and I am in WI if that makes a difference)
Going to church doesn't make you a christian any more that standing in your garage makes you a car.