May lenders charge application fees or fees for pre-approvals?

May lenders charge application fees or fees for pre-approvals?

The lender may not charge anything at the time of loan application except a reasonable fee to pay for a credit report. After delivery of the Loan Estimate and after the consumer gives an indication that he/she wants to proceed with the loan, the lender may charge additional fees and require the additional information needed to underwrite the loan.

The lender may not charge anything at the time of loan application except a reasonable fee to pay for a credit report. After delivery of the Loan Estimate and after the consumer gives an indication that he/she wants to proceed with the loan, the lender may charge additional fees and require the additional information needed to underwrite the loan.

12/18/2015