Section 26-C1118. MORTGAGE LENDER AND MORTGAGE BROKER FEES

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1118.1For purposes of this section, a fee shall include the rate of interest, annual percentage rate, finance charge, points, yield spread premium, or any other monetary costs charged to a borrower, or paid on behalf of the borrower, for the origination, service, or brokering of a mortgage loan.

1118.2A licensee shall charge fees that are reasonable and for services actually performed by the licensee or a third party providing services on behalf of the licensee.

1118.3Unless otherwise stated, any fee charged shall be disclosed and charged in accordance with applicable District and federal law, including TILA and RESPA.

source

Final Rulemaking published at 56 DCR 4356, 4372 (June 5, 2009).

                    
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