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#2090626 - 07/29/16 04:35 PM Condo Unit Fee
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 227
Out West
I'm new the condo world. Insurance company that maintains the master policy on the condo structure charges $100 to add a new unit to the master policy. The Bank requires that the borrower pay the fee to have the unit included in the master policy. Would this be a Section B fee and $0 tolerance?

Thanks!
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TRID - TILA/RESPA Integrated Disclosures Rule
#2090627 - 07/29/16 04:35 PM Re: Condo Unit Fee Wonderofitall
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 85,275
Galveston, TX
Would this be a Section B fee and $0 tolerance?

Sounds like it to me.
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#2090647 - 07/29/16 04:54 PM Re: Condo Unit Fee Wonderofitall
Wonderofitall Offline
100 Club
Wonderofitall
Joined: Sep 2010
Posts: 227
Out West
Thanks, Mr. Carey!
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