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Waiving Loan Administration Fees for Customers

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Question: 
As a mortgage lender am I able to offer to waive loan administration fees for certain customers, if the pricing is to favorable for the Bank?
Answer: 

There is no prohibition on waiving fees. However, the bank should establish a policy for allowing fee waivers that cannot put the bank into a discriminatory or disparate impact situation.

First published on BankersOnline.com 4/8/13

First published on 04/08/2013

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