Current through October 31, 2024
Section 302-11.202 - What residence transaction expenses will my agency not pay?Your agency will not pay:
(a) Any fees that have been inflated or are higher than normally imposed for similar services in the locality;(b) Broker fees or commissions paid in connection with the purchase of a home at the new official station;(c) Owner's title insurance policy, "record title" insurance policy, mortgage insurance or insurance against loss or damage of property and optional insurance paid for by you in connection with the purchase of a residence for your protection;(d) Interest on loans, points, and mortgage discounts;(f) Operating or maintenance costs;(g) Any fee, cost, charge, or expense determined to be part of the finance charge under the Truth in Lending Act, Title I, Pub. L. 90-321 , as amended, and Regulation Z issued by the Board of Governors of the Federal Reserve System ( 12 CFR part 226 ), unless specifically authorized in § 302-11.200;(h) Expenses that result from construction of a residence, except as provided in § 302-11.200(e)(10); and(i) Losses, see § 302-11.304.