Credit report fee definition

Credit report fee means a fee charged to a borrower by a lender or broker in connection with a mortgage loan application to recover the direct cost of the fee charged by a credit reporting agency for obtaining a credit report. A credit report fee may be charged to a borrower by a residential mortgage lender or by a residential mortgage broker, but not by both in connection with the same mortgage loan application. A lender or broker may charge a borrower a credit report fee for a second credit report provided that requiring a second credit report is in accordance with duly promulgated rules.

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Credit report fee means a fee charged to a borrower by a

Credit report fee. $ Other: : $   ___________________ ________________________ ____________________ Association Application Fee: $ Other: : $

Examples of Credit report fee in a sentence

• The application fee may include the cost of processing the loan.] • Application fee $ • Property appraisal fee * $ • Credit report fee * $ * The property appraisal fee and the credit report fee are estimates of the actual cost of the services.

• I understand that I am required to pay the following fees at application: Application fee $ 350.00 Property appraisal fee * $ n/a Credit report fee * n/a * The property appraisal fee and the credit report fee are estimates of the actual cost of the services.

• Credit report fee** $_________ payable at application/commitment/closing.

• The application fee may include the cost of processing the loan.] • Application fee $______ • Property appraisal fee * $______ • Credit report fee * $______ * The property appraisal fee and the credit report fee are estimates of the actual cost of the services.

• Credit report fee * $ * The property appraisal fee and the credit report fee are estimates of the actual cost of the services.

More Definitions of Credit report fee

Credit report fee. $ Other: : $ Association Application Fee: $ Other: : $