Origination fee
Term · Law · MLC-T-LAW-003578
A charge imposed by a lender for processing a new loan application. This fee covers administrative costs such as underwriting, document preparation, and other services related to establishing the loan. It is typically expressed as a percentage of the total loan amount and is paid at the time of closing.
| Identifier | MLC-T-LAW-003578 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003578",
"term": "Origination fee",
"field": "Law",
"definition": "A charge imposed by a lender for processing a new loan application. This fee covers administrative costs such as underwriting, document preparation, and other services related to establishing the loan. It is typically expressed as a percentage of the total loan amount and is paid at the time of closing.",
"url": "https://mlchart.com/terminology/law/origination-fee/"
}
Record 3,573 of 5,439 in Law terminology (MLC-0107). Request the full dataset.