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How will the additional processing fee and surcharge fees be disclosed on the MV1 application?

April 26, 2017additional application disclosed fee fees surcharge

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How will the additional processing fee and surcharge fees be disclosed on the MV1 application?

1 Answer

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Section D of the MV1 application will be revised to include a line titled “Processing Fee.” Instructions on the MV1 will explain when the $5, or $5 plus $20, processing fee is due. Secured parties can exhaust their supply of old MV1 forms before using the revised form.