§ 617.7115. How should a qualified lender disclose loan origination charges?
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/us/cfr/t12/s§ 617.7115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any one-time charge paid by a borrower to a qualified lender in consideration for making a loan must be included in the effective interest rate as a loan origination charge. These include, but are not limited to, loan origination fees, application fees, and conversion fees. Loan origination charges also include any payments made by a borrower to a qualified lender to reduce the interest rate that would otherwise be charged, including any charges designated as “points.”