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My question concerns how to disclose fees when you are completing two real-estate loans for the same customer at the same time.
For example, loan officer completes a first mortgage for a borrower and decides to do a second real-estate loan on the same property, simultaneously. On the second, he will only charge a $150 fee for origination. Are we to include only the $150 fee on the second GFE or should we be disclosing all fees that the customer “could incur” by taking the loan.
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