Thread Starter: Anonymous
Title: Re: Financed Appraisal Fee
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We had a request for two refinance loans. The collateral for one was the borrower's primary residence, and the collateral for the second was for the borrower's hunting land in another state. We got appraisals for each. The second refinance loan fell through. We proceeded to close the first loan and included the appraisal fee for both the primary residence and the hunting land in the loan amount. The hunting land was not taken as collateral for this loan. Is this a violation of any regulation?
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