§ 200.41. Maximum mortgagee fees and charges.
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/us/cfr/t24/s§ 200.41·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Mortgagee fees and charges included in the mortgage must be for actual required services provided to the mortgagor by the mortgagee, and shall not exceed common market rates for such services as determined by the Commissioner.
(b)Mortgagee charges for prepayment of the mortgage and late mortgage payments shall not exceed that determined appropriate by the Commissioner.
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§ 200.41
Maximum mortgagee fees and charges.
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