24 CFR §203.27 — Charges, fees or discounts
24 CFR §203.27 limits the charges, fees, and discounts an FHA-approved mortgagee may collect from the mortgagor.
Verbatim regulatory text
Verbatim provisions from 24 CFR §203.27 — Charges, fees or discounts — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §203.27(a)(2) — Charge to compensate mortgagee for origination/closing expenses
(2) A charge to compensate the mortgagee for expenses incurred in originating and closing the loan, provided that the Commissioner may establish limitations on the amount of any such charge.
24 CFR §203.27(a)(3) — Reasonable and customary third-party charges
(3) Reasonable and customary amounts, but not more than the amount actually paid by the mortgagee , for any of the following items:
24 CFR §203.27(d) — Pre-insurance statement of charges to the Secretary
(d) Before the insurance of any mortgage , the mortgagee shall furnish to the Secretary a signed statement in a form satisfactory to the Secretary listing any charge, fee or discount collected by the mortgagee from the mortgagor . All charges, fees or discounts are subject to review by the Secretary both before and after endorsement under § 203.255 .
24 CFR §203.27(a)(3) — Reasonable and customary third-party charges — enumerated items (chapeau recall fix)
(i) Recording fees and recording taxes or other charges incident to recordation; (ii) Credit Report; (iii) Survey, if required by mortgagee or mortgagor ; (iv) Title examination; title insurance, if any; (v) Fees paid to an appraiser or inspector approved by the Commissioner for the appraisal and inspection , if required, of the property. Notwithstanding any limitations in this paragraph (a)(3) if the mortgagee is permitted by applicable regulations to use the services of staff appraisers and inspectors for processing mortgages, and does so, the mortgagee may collect from the mortgagor the reasonable and customary amounts for such appraisals and inspections. (vi) Such other reasonable and customary charges as may be authorized by the Commissioner .