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Fee Worksheet for Determining High Cost Loan - South Carolina
Fee Worksheet for Determining High Cost Loan is a legal document that was released by the South Carolina Department of Consumer Affairs - a government authority operating within South Carolina.
FAQ
Q: What is a high cost loan in South Carolina?
A: A high cost loan in South Carolina is a loan with fees and charges that exceed a certain threshold.
Q: How is a high cost loan determined?
A: A high cost loan is determined by calculating the total points and fees charged on the loan.
Q: What fees and charges are included in the calculation?
A: Fees and charges such as origination fees, broker fees, appraisal fees, and certain other charges are included in the calculation.
Q: What is the threshold for a high cost loan in South Carolina?
A: The threshold for a high cost loan in South Carolina is currently 6.5% of the total loan amount.
Q: What happens if a loan is considered a high cost loan?
A: If a loan is considered a high cost loan, there may be additional requirements and restrictions placed on the loan.
Form Details:
- Released on June 1, 2015;
- The latest edition currently provided by the South Carolina Department of Consumer Affairs;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the South Carolina Department of Consumer Affairs.
