We currently charge a payoff quote fee which is titled the same way. My first question is, can we charge a fee for a payoff quote? If we can, (I still need to check my State regulations) where should it be disclosed? I was thinking in the note under Other Terms and Conditions. I know some banks charge a delivery fee to fax or overnight the payoff statement. Would that have to be disclosed? Please provide citations for support. Thanks.
Is it possible for a loan originated prior to 1/10/14 to have not been considered high-cost at the time of origination, but subsequent to the 1/10/14 effective date to then become a High Cost Mortgage making it then subject to the servicing provisions in 1026.34?