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745
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HARRY HUGHES, Governor
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(A) (1) LOAN FEES, POINTS, FINDER'S FEES, AND OTHER
CHARGES; HOWEVER, ALL SUCH CHARGES MAY NOT EXCEED 2 PERCENT OF
THE ORIGINAL EXTENSION OF CREDIT;
(2) IN THE CASE OF A LOAN TO A CONSUMER BORROWER, NO
LOAN FEES, POINTS, FINDER'S FEES, OR OTHER CHARGES MAY BE CHARGED
AND COLLECTED UNLESS THE AGREEMENT, NOTE, OR OTHER EVIDENCE OF
THE LOAN SO PROVIDES AND THE LOAN IS SECURED BY A LIEN ON
RESIDENTIAL REAL PROPERTY; HOWEVER, ALL SUCH CHARGES MAY NOT
EXCEED 2 PERCENT OF THE ORIGINAL EXTENSION OF CREDIT;
(B) REASONABLE FEES FOR SERVICES RENDERED OR FOR
REIMBURSEMENT OF EXPENSES INCURRED IN GOOD FAITH BY THE BANK
CREDIT GRANTOR OR ITS AGENTS IN CONNECTION WITH THE LOAN,
INCLUDING:
(1) COMMITMENT FEES;
(2) OFFICIAL FEES AND TAXES;
(3) PREMIUMS OR OTHER CHARGES FOR ANY GUARANTEE OR
INSURANCE PROTECTING THE BANK CREDIT GRANTOR AGAINST THE
BORROWER'S DEFAULT OR OTHER CREDIT LOSS;
(4) COSTS INCURRED BY REASON OF EXAMINATION OF TITLE,
INSPECTION, RECORDING, AND OTHER FORMAL ACTS NECESSARY OR
APPROPRIATE TO THE SECURITY OF THE LOAN;
(5) FILING FEES;
(6) ATTORNEY'S FEES; AND
(7) TRAVEL EXPENSES.
(C) IN THE CASE OF A LOAN TO A CONSUMER BORROWER, A FEE
PERMITTED UNDER SUBSECTION (B) OF THIS SECTION MAY NOT BE CHARGED
AND COLLECTED UNLESS THE AGREEMENT, NOTE, OR OTHER EVIDENCE OF
THE LOAN PERMITS:
(1) THE AGREEMENT, NOTE, OR OTHER EVIDENCE OF THE
LOAN PERMITS;
(2) THE FEE IS AN ACTUAL AND VERIFIABLE EXPENSE OF
THE CREDIT GRANTOR NOT RETAINED BY HIM; AND
(3) LIMITED TO CHARGES FOR:
(I) ATTORNEY'S FEES FOR SERVICES RENDERED IN
CONNECTION WITH THE PREPARATION, CLOSING, OR DISBURSEMENT OF THE
LOAN;
(II) ANY EXPENSE, TAX, OR CHARGE PAID TO A
GOVERNMENTAL AGENCY;
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