---
kind: "section"
citation: "24 C.F.R. § 241.1035"
title: "24"
number: "241.1035"
heading: "Charges by lender."
url: "https://uscodex.org/cfr/24/241.1035"
---

# §241.1035. Charges by lender.

- (a) The lender may collect from the borrower the amount of the fees provided for by subpart E of this part.
- (b) The lender may also collect from the borrower an initial service charge, as reimbursement for the cost of closing the transaction, in an amount not to exceed 2 percent of the original principal amount of the loan.
- (c) Any charges to be collected by the lender in addition to those prescribed in paragraphs [(a)](#a) and [(b)](#b) of this section, shall be subject to the prior approval of the Commissioner.

## Notes

### Source

Source: 57 FR 12037, Apr. 8, 1992, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.