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8. All costs and charges need to be completely divulged and reasonably related to the services supplied to or carried out on behalf of the consumer. Specifically, a lender may charge the following charges, to name a few, in association with a reverse mortgage loan: An application charge An appraisal charge A credit report fee A loan origination cost Closing charges Attorney's fees Costs associated with the purchase of home loan insurance A termination or maturity fee An application fee,…
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