494.0074 Lender fees and charges.—
(1) In a mortgage financing transaction, fees designated as loan origination fees, up to 4 percent of the face amount of the loan or line of credit, are not considered interest or finance charge under chapter 687.
(2) In a mortgage finance transaction, fees designated as loan origination fees, up to 10 percent of the face amount of the loan or line of credit, are not considered interest or finance charges under chapter 687 if such licensee sells or assigns the loan to another person within 90 days after the date the loan was funded.
History.—ss. 46, 50, ch. 91-245; s. 4, ch. 91-429.
Section: Previous 494.00612 494.0063 494.0066 494.00665 494.0067 494.0069 494.007 494.0071 494.00721 494.0073 494.0074 494.0075 494.0076 494.0077 NextLast modified: September 23, 2016