Fee Schedule Guideline for Consumer Lending
Note: All fees are subject to change without notice.
Fee Schedule
MORTGAGES (all property registrations) |
|
| Re-advance 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 |
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 |
