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BankersOnline.com Forums State-Specific Compliance Issues Indiana 2nd Mortgage Release Fee
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#906259 - 02/18/08 08:32 PM 2nd Mortgage Release Fee
Comply 101 Offline
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Comply 101
Joined: Jul 2001
Posts: 708
Can we charge a mortgage release fee on our second (consumer) mortgages in Indiana. In IC 24-4.5-3-202, it mentions "official fees", but not sure if that is referring to release fees.
Thanks!
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#906268 - 02/18/08 09:17 PM Re: 2nd Mortgage Release Fee Comply 101
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,673
Bloomington, IN
Yes you can.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#906270 - 02/18/08 10:59 PM Re: 2nd Mortgage Release Fee Dan Persfull
Comply 101 Offline
Platinum Poster
Comply 101
Joined: Jul 2001
Posts: 708
Thanks Dan.
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