Can borrower be charged for flood determination and title cancellation fees if loan is denied?

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Can borrower be charged for flood determination and title cancellation fees if loan is denied?


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I have never heard of borrowers getting charged these fees, have had a few title companies attempt to charge search fees for loans that didn’t close, but none where the borrower was involved. Flood cert fees are so low that it’s hard to imagine a lender getting excited about trying to recoup that from a borrower on a loan that didn’t close.

Answered 7 months ago
Ted Rood
1097 6

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