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EXPLANATION
OF LOAN CLOSING FEES
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VARIABLE FEE PER
LOAN CLOSED
Regular Members pay a loan closing fee on residential loans closed
on Georgia property in the name of the lender/broker/banker/S&L company.
The loan closing fee is based on loans closed from July 1, through June
30, and are due on the first renewal date. Loan closing fees are not applicable to new
members until the first renewal date.
These fees are to be added to the base dues of $600 per year on the renewal
date each year. The schedule is shown below:
| EXAMPLE
OF VARIABLE FEES FOR REGULAR MEMBERS
Calculated from July 1 - June 30
(year before the dues are payable) |
| Under
500 Loans |
$50 add to base
dues |
| 500-1000
Loans |
$75 add to base
dues |
| 1001-1002
Loans |
$150 add to base
dues |
| 2001-3000
Loans |
$225 add to base
dues |
| 3001-4000
Loans |
$300 add to base
dues |
| 4001-5000
Loans |
$375 add to base
dues |
| 5001-6000
Loans |
$450 add to base
dues |
| 6001-7000
Loans |
$525 add to base
dues |
| 7001-8000
Loans |
$600 add to base
dues |
| 8001-9000
Loans |
$675 add to base
dues |
| 9001-10.000
Loans |
$750 add to base
dues |
| 10,001-11,000
Loans |
$825 add to base
dues |
| 11,001-12000
Loans |
$900 add to base
dues |
| 12,001-13,000
Loans |
$975 add to base
dues |
| 13,001
Loans & Over |
$1000 (CAP) |
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