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Fee for Title Search on Property (Loan Past Due)

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Question: 
We have a real estate loan (1st lien) that was past due by 90 days. The bank requested a title search on the property during the time the loan was past due. The customer has since brought in a check to pay the loan current so they are no longer past due at this time. Are we able to charge the customer the fee for the title search?
Answer: 

You would have to read your loan contract.

First published on 10/21/2018

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