Thread Starter: Anonymous
Title: Re: Online payments
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Can we charge a fee for allowing payments to loans to be made online?
I know we will need to check with Visa/MC in regards to allowing a credit card to be used, but if we were to just have the customer enter their bank account information and initiate an ACH- are we allowed to charge a convenience fee for this?
I will check state law, but I am looking for any Reg Z or RESPA restrictions on this. If there is a rule around it, could you provide a citation?
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