Costs and repayment.

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  • (1) the actual expenses that the lender incurs in originating and closing the reverse mortgage, including a mortgage broker's fee if the mortgage broker and the lender do not share any pecuniary interests; and
  • (2) the actual amount that the lender paid for:
    • (a) a recording fee;
    • (b) a credit report;
    • (c) a survey, if required by the lender or the borrower;
    • (d) a title examination;
    • (e) the lender's title insurance; and
    • (f) an initial appraisal of the real property that secures the reverse mortgage.




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