As we all know, the Family and Medical Leave Act (FMLA) requires covered employers to provide eligible employees with 12 weeks of unpaid leave during a 12-month period. Employers are allowed to define the 12-month period any way they wish â much like they are entitled to define the seven-day period that comprises a workweek [â¦]
In addition to this processing fee lenders also charge a fee to fax the payoff letter to you. Once again the fee can range from $5 to $60. Once you payoff your loan, the release of the mortgage must be filed.
There is no prepayment penalty on the loan. The origination fee was 1.75% of the loan. It is standard industry practice for mortgage broker agreements to include something about compensation recapture for early loan payoff. Iâve seen some that say 120 days and others that say 180 days.