Duty to Disclose Fees

In response to the letter from Deann Lewis headlined “Perhaps Those Fees Weren’t for Junk” (Feb. 1):

I do not believe that RESPA was enacted to protect the naive or negligent mortgage broker but to protect the borrower from unscrupulous mortgage brokers.

I, as well as the mortgage banker that I work for, interpret RESPA’s law on good-faith estimates as this:

You have a duty to disclose all fees, even those that you do not control or charge, to the borrower, within three days of the application date or sooner. In the event that you do not know the exact amount of a specific fee, you can put a high and low (range) price for that fee.

CHRISTOPHER WILEY

Big Bear Lake