New York State Department of Financial Services Guidance to Lenders and Services Related to Registration Fees

November 03, 2020

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The New York State Department of Financial Services issued guidance on September 1 to mortgage lenders and servicers that registration fees are prohibited from being charged to the mortgagor, as a registration fee is neither an attorney fee, late or delinquency fee, property valuation fee, or fee for a service rendered to a mortgagor.

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