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CA DEPT HOUSING & C.D. 2 - 2004
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CA DEPT HOUSING & C.D. 2 - 2004
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Last modified
1/3/2012 3:15:37 PM
Creation date
9/2/2005 4:18:38 PM
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Contracts
Company Name
State of California Department of Housing & Community Development
Contract #
A-2004-276A
Agency
Community Development
Council Approval Date
9/7/2004
Expiration Date
4/27/2025
Destruction Year
2030
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<br />Loan Cancellation Fee: one half of fee plus outside costs if <br />loan is cancelled after delivery of Preliminary Risk Analysis <br />to Agency. Total fee plus outside costs is charged if loan <br />is cancelled after delivery of full underwriting analysis. <br /> <br />*Outside costs include, but are not limited to, title, credit, <br />and appraisal. These costs are passed through from outside <br />vendors and are subject to marketplace increases. <br /> <br />D. LOAN DOCUMENT PREPARATION <br /> <br />For each project for which documents are prepared: <br />plus outside costs including, but not limited to, <br />credit, and recording fees. <br /> <br />$135.00 <br />title, <br /> <br />For each project for which title and credit reports have been <br />supplied by U.S. Escrow, but which is thereafter cancelled <br />without performance of loan document preparation: a <br />cancellation fee of $37.50 plus outside costs for title and <br />credit reports. <br /> <br />For each project for which documents have been supplied by <br />U.S. Escrow, but which is thereafter cancelled without <br />performance of disbursement services: a cancellation fee of <br />$75.00 plus outside costs for title and credit reports. <br /> <br />A fee of $15.00 will be charged to Agency for each separate <br />document to be redrawn due to actions by the Agency. <br /> <br />E. CONSTRUCTION FUNDS DISBURSEMENT SERVICES <br /> <br />For each project for which escrow disbursement services are <br />performed: $75.00 plus recording fees. <br /> <br />For each project for which escrow disbursement services are <br />performed that require from 2 to a maximum of 4 deposits, a <br />~ee of $125.00 pll.:s $25.00 pe!:" each deposit beyond the <br />original deposit and project opening. <br /> <br />USE shall charge an additional fee of $50.00 for any project <br />requiring this service whose total project amount is less than <br />$100,000. <br /> <br />F. GRANT DISBURSEMENT ESCROW <br /> <br />For each project which involves disbursement of grant escrows: <br />$90.00 per nine transactions. <br />
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