Lenders may charge padded fees for services rendered in a RE transaction.

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Lenders may charge padded fees for services rendered in a RE transaction.

A. True
B. False- Lender can only collect actual charges and cannot profit from the services of others.

Answer: B.False

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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The voluntary relinquishment of a legal right is called
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