Loan Processing Fees definition
Examples of Loan Processing Fees in a sentence
Upon Close of Escrow, Buyer shall pay for all closing costs including, but not limited to, Documentary Transfer Taxes; Escrow Fees (Buyer’s and Seller’s if an outside escrow company is used); Seller’s Document Preparation Fees (not to exceed $250); costs of CLTA Joint Protection Title Insurance Policy, and Preliminary Title Report; Loan Processing Fees; Tax Service Fee; Document Recording Fees; and other miscellaneous costs of closing the transaction.
Fees and other charges as applicable on application/ during the term of loan and penalty for delayed payments, are as under: Sr. No. Name of the Service Name of Fee/ Charges Levied When Payable Frequency Amount (SE) 1 Fees for Business Loan/ Personal Loan Processing Fees At Application Once _% of the loan amount plus Taxes and statutory levies and charges, as may be applicable from time to time 2 Delayed Payment Charges Additional Interest On Accrual Monthly A maximum of 24% P.A on the defaulted sum.
Up Loan Processing Fees At Application Once Upto 0.50% of the Loan amount or Rs. 2000/- whichever is higher + taxes and statutory levies and charges, as may be applicable from time to time.
All payments and prepayments to be made in respect of principal, interest, Facility Fees, Bid Loan Processing Fees, Agent's Fee, or other fees or amounts due from the Borrower hereunder shall be payable prior to 11:00 a.m., New York time, on the date when due without presentment, demand, protest, or notice of any kind, all of which are hereby expressly waived by the Borrower, and without set-off, counterclaim, or other deduction of any nature, and an action therefor shall immediately accrue.
The “Purchase Price” for each Purchased Loan shall be an amount equal to the outstanding balance of the Loan, including accrued and unpaid interest through the date the Loan is removed from the Servicer’s system, plus the refund to SunTrust of any Loan Processing Fees previously paid for such Loan pursuant to Section 6.3.1.
In the event the Gross Amount paid to Company includes Loan Processing Fees and/or Doc Preparation fees provided by an outside service, Company will receive $350 for processing, or the actual amount of said third-party processing charge, before any commissions are paid to Affiliate.
Loan Processing Fees are to be paid to “Consultant” immediately after funding preferably through escrow.