Skip to content
BOL Conferences

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums State-Specific Compliance Issues Massachusetts Late charges on FHA loans
Thread Options
#213211 - 07/20/04 03:12 PM Late charges on FHA loans
Anonymous
Unregistered

On FHA loans, FHA state you can charge a 4 % late charge fee on P & I, MA Law states a 3 % late charge fee on P & I. Who prevails?

Return to Top
#213212 - 07/20/04 04:06 PM Re: Late charges on FHA loans
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
FHA prevails, you can charge 4%.

Return to Top
#213213 - 07/21/04 08:07 PM Re: Late charges on FHA loans
Anonymous
Unregistered

Do you have the site that states 4% is okay?

Return to Top

Moderator:  John Burnett