41 C.F.R. § 302-11.201   When may my reimbursement for loan assumption fees or other similar fees exceed the 1 percent as specified in §302–11.200(f)(2)?


Title 41 - Public Contracts and Property Management


Title 41: Public Contracts and Property Management
PART 302–11—ALLOWANCES FOR EXPENSES INCURRED IN CONNECTION WITH RESIDENCE TRANSACTIONS
Subpart C—Reimbursable Expenses

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§ 302-11.201   When may my reimbursement for loan assumption fees or other similar fees exceed the 1 percent as specified in §302–11.200(f)(2)?

Reimbursement may exceed 1 percent (as specified in §302–11.200(f)(2) only when you provide evidence that the higher rate:

(a) Does not include prepaid interest, points, or a mortgage discount; and

(b) Is customarily charged in the locality where the residence is located.

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