Modification Fee on consumer real estate

Posted By: KeepSmiling

Modification Fee on consumer real estate - 05/21/21 09:14 PM

Can we charge a $25.00 extension/modification fee or doc prep fee on a consumer real estate change in terms?
Posted By: rlcarey

Re: Modification Fee on consumer real estate - 05/21/21 10:21 PM

Allowable fees and charges are a State law issue.
Posted By: Richard Insley

Re: Modification Fee on consumer real estate - 05/22/21 03:51 PM

Originally Posted by rlcarey
a State law issue
...and not a TIL-disclosable event unless you handle it in a way that amounts to a "refinancing."