SECTION 330:10-5-2. Fees for origination

Latest version.

For origination of the mortgage loan, the participant will receive a fee equal to a maximum of four percent (4%) of the amount of such mortgage loan originated on behalf of the Agency. All of the funds derived by such participant will be retained by the participant. However, the lender will be required to pay the tax required for registration of the mortgages originated under the Agency's program. The source of payment of all or a portion of the points may vary with either FHA-insured or VA-guaranteed Loans.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');