This is not legal advice for your situation*

New Compliance Tool: State-Specific Permissible Fees

In response to a number of customer inquiries, DocMagic's Compliance Department has prepared a matrix that lists the permissible fees for each of the 50 states, including the District of Columbia.  The Permissible Fees Matrix outlines the allowable fees that a lender and/or broker may charge and collect in a mortgage transaction and is broken down by license type in each jurisdiction.  Please note that if the Matrix does not address a specific fee in a particular state or the District of Columbia, it is because the statutes and regulations in that state do not contain any express provisions regarding that fee. 

Here is the matrix: State-Permissible Fees Matrix.





*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.