17-5515. Collection and payment of loan expenses. Such reasonable initial charges may be collected by the association from the borrower and paid to any persons, including any director, officer, or employee of the association, rendering such services or paid directly by the borrower. In lieu of such initial charges to cover such expenses and costs, an association may charge a reasonable charge, part or all of which may be retained by the association which renders such service, or part or all of which may be paid to others who render such services.
History: L. 1943, ch. 133, § 93; July 1.
2016. Powered by KLISS. Rendered: 2016-12-11T06:00:17. Head Rev No: 351428