Explicitly charged fees definition
Explicitly charged fees or ‘explicit fees’ means fully revealed fees that leave no question as to the service for which a fee is being charged or intent of the fee. Explicitly charged fees include, but are not limited to brokerage fees; stated banking, loan origination, processing, documentation, credit check fees or other similar fees; safe‑deposit box fees, trustee’s fees; mutual fund management, sales, and exit fees. Insurance premiums, to the extent that they are not allocable to the investment account of the underlying insurance policy, are explicit fees.