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Fees Consumer Financial Protection Bureau (CFPB) Qualified Mortgage Rule

Saul Ewing Arnstein & Lehr LLP

CFPB Permits Refunds of Points and Fees Charged for Qualified Mortgages

On October 22, 2014, the CFPB announced that it would permit refunds of excessive fees (with interest) within 210 days after loan closing for qualified mortgages. The provision expires in January 2021 and requires lenders to...more

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