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Is it possible to collect fees paid by the seller before established collection time (the next business day after initial disclosures are received by the homebuyer)?

April 26, 2017Business collect collection fees paid possible seller time

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Is it possible to collect fees paid by the seller before established collection time (the next business day after initial disclosures are received by the homebuyer)?

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No fees (except for the credit report) may be collected by the lender on behalf of the homebuyer until the initial disclosures are received by the homebuyer. Any fee commonly covered by the seller (such as the appraisal fee) or any other party may not be collected until that time.