Answer:
Answer by Dan Persfull:That will be a state law issue.
Answer:
Answer by Lucy Griffin:The other consequence is that any subsequent origination fee is a finance charge.
First published on BankersOnline.com 8/28/06
Charging & Recharging Origination Fees
Answered by:
Question:
I have been told that if you charged an origination fee on the original note you cannot recharge an origination fee on the same money, but you can charge an origination fee if any new money is added to the deal. Is this correct?
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