Government recording charges and transfer taxes are subject to which tolerance category?
Correct Answer
C) Unlimited tolerance if amounts increase
Government recording charges and transfer taxes have unlimited tolerance for increases because these are set by government entities and the lender has no control over them. However, if these charges decrease, the borrower must receive a credit.
Why This Is the Correct Answer
Government recording charges and transfer taxes have unlimited tolerance for increases because these are set by government entities and the lender has no control over them. However, if these charges decrease, the borrower must receive a credit.
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