Legal Question in Real Estate Law in Utah

Cancelled Loan Troubles

My wife and I recently closed on a refinance loan on our primary residence. We wound up cancelling the loan during the 3 day recission period. The broker has billed us ($800)for the out of pocket expenses he incurred: title report, appraisal, ect. I have read the truth in lending law but I cannot find where it allows for this bill. Can anyone enlighten us?


Asked on 1/22/06, 10:23 am

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Cancelled Loan Troubles

Your answer depends on the agreement you had with the broker. Review it. If no agreement a court will decide what it feels if fair.

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Answered on 1/22/06, 10:52 pm


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