Source of Title Forums: Re: What about....

Copy Fees - Kim Cowles/WI
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Meddler - Tammy Knight/MO
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Re: Meddler - Tammy Knight/MO
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What about.... - mason haas/NY
9/19/2006 7:27:30 PM (2844 views)
Re: What about.... - Robert Franco/OH
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Re: What about.... - Kevin Ahern/CT
9/20/2006 7:19:51 AM (3606 views)
Re: What about.... - Ricky Farrow/FL
9/21/2006 8:42:46 PM (3654 views)
Re: What about.... - John Povejsil/MN
9/22/2006 10:41:05 AM (3667 views)
Re: What about.... - Ricky Farrow/FL
9/22/2006 10:46:42 PM (5177 views)

Can a lender collect from the borrower an appraisal fee of $200, listing the fee as such on the HUD-1, yet pay an independent appraiser $175 and collect the $25 difference?

No, the lender may only collect $175 as the actual charge. It is a violation of Section 8 (b) for any person to accept a split of a fee where services are not performed.

Substitute "Search/searcher" for "Appraisal/appraiser" above. This is item 25 of FAQs on the Hud Website regarding fee splitting.

See the "Tools" section at my website www.fficorporation.com for the full link and others.

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