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Late Fee & Late Timing

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  • #4924
    Bellisima
    Participant

    Are the recent changes to late fees and late fees timing applicable to both High Cost (Sec. 32) and High Priced (Sec. 35) loans?

    #4935
    rcooper
    Keymaster

    I believe you’re talking about the requirements in 1026.34 – those are applicable to high cost mortgages. There is also prohibition on pyramiding of late fees in
    1026.36

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