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#60412 - 02/11/03 04:44 PM OH - Loan Discount Fee
Anonymous
Unregistered

Is a mortgage loan discount fee (HUD line 802) allowed in Ohio? Is there a limitation on the fee amount that can be charged?

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#60413 - 02/11/03 06:54 PM Re: OH - Loan Discount Fee
Anonymous
Unregistered

I dont know what this type of a fee is, but you can take a look at ORC ยง1322.08:

http://onlinedocs.andersonpublishing.com/revisedcode/home3.cfm?GRDescription1=revised%20code&GRDescription2=title%2013&GRDescription3=&TextField=<JD%3A"1322">CHAPTER%201322%3A%20MORTGAGE%20BROKERS%2C%20LOAN%20OFFICERS&GRStructure1=1322&GRStructure2=

Please bear in mind that thsi law only applies to "registrants" (a mortgage broker required to be licensed and registered in OH.

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