fee
A charge in the transaction: its kind, amount, payer, and the section of the disclosure it belongs to.
Fee refers to a charge or cost associated with obtaining and servicing a mortgage loan.
Why it matters
Fees are modelled by their disclosure treatment rather than by who invoices them, because that treatment is what the regulation constrains. Which section a fee falls in determines whether it counts toward a tolerance and whether a change requires a redisclosure.
The computation over this class is Fee, including the comparison between successive disclosures, which is a computation over a pair rather than a difference a reader is left to take.
Properties
| Property | Type | Definition |
|---|---|---|
actual_payment_amount | decimal | Fee actual payment amount refers to the monetary amount paid to satisfy a fee. |
assessed_amount | decimal | Fee assessed amount refers to the monetary amount assessed to satisfy a fee. |
assessed_date | date | Fee assessed date refers to the date a fee payment was assessed. |
description | decimal | A company description is a brief summary or overview of a business. It typically includes information such as the company's industry, size, products or services offered, target market, and mission statement. |
payment_paid_date | date | Fee payment paid date refers to the date a fee payment was made. |
type | enumeration | Fee type refers to the categorization or classification of a fee based on its nature or purpose. homeowners_association_dueshomeowners_association_service_feehomeowners_association_special_assessment |