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Discussion
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[+] Non payment advice?! - Kurt deVries/FL (11 replies)
9/27/2006 2:16:52 PM (2568 views)

[+] Need help re: New York -7 Q's - Jeanine Johnson/FL (1 reply)
9/27/2006 11:03:38 AM (2587 views)

[+] Just a reminder...... - George Booth/TX (5 replies)
9/26/2006 10:54:09 AM (3768 views)

[+] REO Titles slow pay - Tamara Henderson/GA (4 replies)
9/25/2006 7:17:21 AM (2669 views)

[+] BEWARE OHIO ABSTRACTORS - Pete Kisan/OH (12 replies)
9/25/2006 6:44:08 AM (2739 views)


Real Title Services


[+] How to get paid . . . - Michaela Urban/OH (3 replies)
9/24/2006 6:25:30 PM (2664 views)

Start up - Paul  /MI
9/24/2006 1:46:39 PM (2055 views)

[+] DocEdge.com - DF/NV (1 reply)
9/22/2006 5:37:31 PM (3211 views)

[+] MY FIRST NON PAYMENT COMPANY - LAWANDA  MCMILLIAN/AR (1 reply)
9/21/2006 9:29:21 PM (2822 views)

[+] Another Non Payer - Heather Arndt/MN (2 replies)
9/21/2006 3:47:11 PM (2607 views)

[+] Copy Fees - Kim Cowles/WI (15 replies)
9/21/2006 8:11:33 AM (2775 views)

[+] Meddler - Tammy Knight/MO (9 replies)
9/20/2006 11:47:24 PM (2826 views)

[-] What about.... - mason haas/NY (9 replies)
9/19/2006 7:27:30 PM (2735 views)
Re: What about.... - Robert Franco/OH
9/19/2006 8:11:04 PM (3416 views)
Re: What about.... - Kevin Ahern/CT
9/20/2006 7:19:51 AM (3228 views)
Re: What about.... - Ricky Farrow/FL
9/21/2006 8:42:46 PM (3263 views)
Re: What about.... - John Povejsil/MN
9/22/2006 10:41:05 AM (3302 views)
Re: What about.... - Ricky Farrow/FL
9/22/2006 10:46:42 PM (4768 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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Re: What about.... - mason haas/NY
9/27/2006 8:02:45 AM (3290 views)
Re: What about.... - Ricky Farrow/FL
9/27/2006 8:00:05 PM (3125 views)
Re: What about.... - mason haas/NY
9/28/2006 8:01:20 AM (3226 views)
Re: What about.... - Kevin Ahern/CT
9/28/2006 10:14:20 AM (3161 views)

The Bertrum Group - Annette Dorty/PA
9/19/2006 6:46:56 PM (2048 views)

Land Title U.S.A Agency, Inc. - Annette Dorty/PA
9/19/2006 6:45:48 PM (2203 views)


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