Common use of Customer Fees and Charges Clause in Contracts

Customer Fees and Charges. (a) At Mortgage Loan closing and at such other times as may be customary, the closing agent may collect from the Customer and forward to SL an amount (“Customer Fees and Charges”) equal to the sum of: (i) all reasonable charges or fees paid or incurred by SL for taking the Mortgage Loan application, locking in Mortgage Loan Pricing, surveys, title insurance premiums, appraisal fees, abstract and attorneys’ fees, recording or registration charges, escrow fees, document preparation fees, credit report charges, tax service fees and similar charges, and all other reasonable and customary third-party charges for settlement services contracted for and permitted by applicable law related to the origination of a Mortgage Loan; and (ii) all origination and discount points or other similar amounts described in the Mortgage Loan Pricing for such Mortgage Loan. (b) SRT may, from time to time, establish and set the amount of the Origination Service Fee to be charged to the Customer as part of the Customer Fees and Charges, and SL hereby agrees to charge, or cause the closing agent to charge, each Customer such amount. (c) With respect to all Mortgage Loans, any non-third party fees charged to the Customer shall be collected by SL and shall be remitted promptly to SRT. (d) SL will collect, control and manage all Customer Fees and Charges and any other application fees, deposits and other fees paid by loan applicants to or for the credit of SRT and disburse Customer Fees and Charges in a timely and accurate manner to third-party service providers, SRT, or SL, as applicable (e.g., good-faith deposit, application fees). (e) The amount, payor and payee of any Customer Fees and Charges shall be described in the Mortgage Loan Disclosures in accordance with any applicable Mortgage Lending Laws, as defined herein, and the form of settlement statements mutually agreed to by SRT and SL. SL shall retain and distribute the Customer Fees and Charges to third parties or SRT, as the case may be, including settlement service providers, in accordance with applicable law and this Origination Agreement. SL covenants and agrees that the payment of Customer Fees and Charges to third parties shall be made in a timely manner, in accordance with payment terms governing such relationships, and any failure to do so shall be subject to the indemnity set forth in Section 30 herein.

Customer Fees and Charges. (a) At Mortgage Loan closing and at such other times as may be customary, the closing agent may collect from the Customer and forward to SL PHH an amount (“Customer Fees and Charges”) equal to the sum of: (i) all reasonable charges or fees paid or incurred by SL PHH for taking the Mortgage Loan application, locking in Mortgage Loan Pricing, surveys, title insurance premiums, appraisal fees, abstract and attorneys’ fees, recording or registration charges, escrow fees, document preparation fees, credit report charges, tax service fees and similar charges, and all other reasonable and customary third-party charges for settlement services contracted for and permitted by applicable law related to the origination of a Mortgage Loan; and (ii) all origination and discount points or other similar amounts described in the Mortgage Loan Pricing for such Mortgage Loan. (b) SRT MLCC may, from time to time, establish and set the amount of the Origination Service Fee origination fee to be charged to the Customer as part of the Customer Fees and Charges, and SL PHH hereby agrees to charge, or cause the closing agent to charge, each Customer such amount. (c) With respect to all Mortgage Loans, any non-third party fees charged to the Customer which collectively exceed $[* * *] shall be collected by SL PHH and shall be remitted promptly to SRTMLCC. With respect to any Alternative Loan, any non-third party Customer Fees and Charges charged to a Customer shall be collected by PHH and shall be remitted promptly to MLCC. (d) SL PHH will collect, control and manage all Customer Fees and Charges and any other application fees, deposits and other fees paid by loan applicants to or for the credit of SRT MLCC and disburse Customer Fees and Charges in a timely and accurate manner to third-party service providers, SRTMLCC, or SLPHH, as applicable (e.g., good-faith depositgood faith, deposit application fees). (e) The amount, payor and payee of any Customer Fees and Charges shall be described in the Mortgage Loan Disclosures in accordance with any applicable the Mortgage Lending Laws, as defined herein, and the form of settlement statements mutually agreed to by SRT and SL. SL PHH shall retain and distribute the Customer Fees and Charges to third parties or SRTMLCC, as the case may be, including settlement service providers, in accordance with applicable law and this Origination Agreement. SL PHH covenants and agrees that the payment of Customer Fees and Charges to third parties shall be made in a timely manner, in accordance with payment terms governing such relationships, and any failure to do so shall be subject to the indemnity set forth in Section 30 32 herein. (a) PHH shall, on behalf of MLCC, [* * *] (b) The PHH Pricing shall be [* * *]. (c) The PHH Pricing for Customers in the Telemarketing Origination Channel as described in Section 5 shall, [* * *]. (d) A breach or default by PHH of its covenants or performance obligations contained in this Section 14 shall constitute a “material breach or default” for purposes of Section 22(a)(i). (e) PHH shall promptly inform MLCC in writing of any notices it receives with respect to any lawsuits, governmental investigations and/or findings with respect to Mortgage Loans originated and closed under the Program.

Customer Fees and Charges. (a) At Mortgage Loan closing and at such other times as may be customary, the closing agent may collect from the Customer and forward to SL PHH an amount (“Customer Fees and Charges”) equal to the sum of: (i) all reasonable charges or fees paid or incurred by SL PHH for taking the Mortgage Loan application, locking in Mortgage Loan Pricing, surveys, title insurance premiums, appraisal fees, abstract and attorneys’ fees, recording or registration charges, escrow fees, document preparation fees, credit report charges, tax service fees and similar charges, and all other reasonable and customary third-party charges for settlement services contracted for and permitted by applicable law related to the origination of a Mortgage Loan; and (ii) all origination and discount points or other similar amounts described in the Mortgage Loan Pricing for such Mortgage Loan. . (b) SRT MLCC may, from time to time, establish and set the amount of the Origination Service Fee origination fee to be charged to the Customer as part of the Customer Fees and Charges, and SL PHH hereby agrees to charge, or cause the closing agent to charge, each Customer such amount. (c) With respect to all Mortgage Loans, any non-third party fees charged to the Customer which collectively exceed $[* * *] shall be collected by SL PHH and shall be remitted promptly to SRT. MLCC. With respect to any Alternative Loan, any non-third party Customer Fees and Charges charged to a Customer shall be collected by PHH and shall be remitted promptly to MLCC. (d) SL PHH will collect, control and manage all Customer Fees and Charges and any other application fees, deposits and other fees paid by loan applicants to or for the credit of SRT MLCC and disburse Customer Fees and Charges in a timely and accurate manner to third-party service providers, SRTMLCC, or SLPHH, as applicable (e.g., good-faith depositgood faith, deposit application fees). (e) The amount, payor and payee of any Customer Fees and Charges shall be described in the Mortgage Loan Disclosures in accordance with any applicable Mortgage Lending Laws, as defined herein, and the form of settlement statements mutually agreed to by SRT and SL. SL shall retain and distribute the Customer Fees and Charges to third parties or SRT, as the case may be, including settlement service providers, in accordance with applicable law and this Origination Agreement. SL covenants and agrees that the payment of Customer Fees and Charges to third parties shall be made in a timely manner, in accordance with payment terms governing such relationships, and any failure to do so shall be subject to the indemnity set forth in Section 30 herein.