Late Fee & Late Timing

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January 9, 2014 at 4:11 pm EST #4924

Anonymous
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Are the recent changes to late fees and late fees timing applicable to both High Cost (Sec. 32) and High Priced (Sec. 35) loans?
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January 13, 2014 at 2:35 pm EST #4935

rcooper
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I believe you’re talking about the requirements in 1026.34 – those are applicable to high cost mortgages. There is also prohibition on pyramiding of late fees in
1026.36
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