Finance
Vermont's 'loan origination fee' charged by a lender is:
AIllegal under Vermont lending law
BA fee charged for processing and underwriting the loan, expressed as a percentage or flat fee✓ Correct
CPart of the Vermont Property Transfer Tax
DReturned to the buyer at closing
Explanation
Loan origination fees cover the lender's cost of processing, underwriting, and funding the mortgage. They must be disclosed in the Loan Estimate and Closing Disclosure as part of TRID requirements.
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