24 CFR 241.1035
§ 241.1035 Charges by lender.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 241.1035, § 241.1035 Charges by lender, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100147
- Permanent ID
ys:prov:100147@1- SHA-256
28f5d0e4f790d0e0c7709d63cabe0720112d9a3966a4a781a51cea9f54483bdc
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The lender may collect from the borrower the amount of the fees provided for by subpart E of this part.
(b) The lender may also collect from the borrower an initial service charge, as reimbursement for the cost of closing the transaction, in an amount not to exceed 2 percent of the original principal amount of the loan.
(c) Any charges to be collected by the lender in addition to those prescribed in paragraphs (a) and (b) of this section, shall be subject to the prior approval of the Commissioner.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.