I'm trying to understand the 2% fee rule in Texas. Could someone explain what this rule entails and how it applies in different scenarios?
7 answers
Elena
Mon Oct 28 2024
This includes cash, financing, or a combination of both.
SamuraiHonor
Mon Oct 28 2024
The borrower faces a specific cap on the fees and charges they can incur.
Federica
Mon Oct 28 2024
Regardless of the payment method, the 2% limit applies.
Chiara
Mon Oct 28 2024
This cap is set at 2% of the original base loan amount.
SsangyongSpiritedStrengthCourage
Mon Oct 28 2024
The borrower cannot exceed this limit directly or indirectly.