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#1093220 - 12/08/08 02:16 PM Loan Pymnt Return Fee
Anonymous
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Is it OK for a lender to charge a flat fee for returned loan payments on a HELOC as long as it's disclosed on the agreement?

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#1093224 - 12/08/08 02:23 PM Re: Loan Pymnt Return Fee Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
That and along as it is allowed by State law.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1093268 - 12/08/08 03:27 PM Re: Loan Pymnt Return Fee rlcarey
Anonymous
Unregistered

What about installment loans and closed end 1st liens? Is it OK as long as it's disclosed to the borrower?

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#1093349 - 12/08/08 04:51 PM Re: Loan Pymnt Return Fee Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
Same response, if you contract for it and it is allowed under State law, you are good to go.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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