We often get questions from institutions asking whether they are able recoup any third-party fees they’ve incurred when an applicant withdraws a loan application. The short answer is generally “yes”, but it depends on a variety of factors. For example, the answer could be different depending on what type of loan they applied for and what fees you are trying to recoup. We addressed this during the Memory Lane portion of our July Monthly Connection giving our members some things to consider, both regulatory and non-regulatory.
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Published
2025/10/01