Fee Schedule
Fee Schedule Guideline for Consumer Lending
Note: All fees are subject to change without notice.
| MORTGAGES (all property registrations) | |
|---|---|
| Readvance Fee | $250.00 |
| Discharge fee | $300.00 |
| Building mortgage fee | $500.00 |
| Bridge financing fee | $500.00 |
| Transfer of mortgage to another financial institution | $300.00 |
| Partial discharge processing fee | $250.00 |
| Postponement processing fee | $250.00 |
| CLOSING COSTS FOR REGISTERING A MORTGAGE | |
| Appraisal fee (as charged by appraiser) | Min. $150.00 |
| First Canadian Title Property Registration Fee | Min. $463.95 |
| Legal fees (closing costs determined by lawyer) | Est. $900.00 |
| LOANS | |
| Small loan fee (under $5000) | $100.00 |
| Chattel fee (per application) | $75.00 |
| OVERDRAFT PROTECTION | |
| Overdraft Protection | $5.00/month |
| LATE PAYMENT (10 days past due, each occurrence) | |
| Weekly payment | $2.50 |
| Bi-weekly payment | $5.00 |
| Monthly payment | $10.00 |
| CHEQUE/AUTOMATIC TRANSFER WHICH IS RETURNED | |
| Non-sufficient funds | $45.00 |
| ASSIGNMENT OF ACCOUNT TO COLLECTION DEPARTMENT | |
| Occurs at 30 days past due | $50.00 |
| Issuance of a Final Demand Letter | $100.00 |
| Filing of a Wage Assignment | $100.00 |
| Repossession of Chattel | $200.00 |
| Commencement of Power of Sale proceedings | $750.00 |
