NDC-005 Condominium Review Fees

NOTICE TO NON-DELEGATED CORRESPONDENTS:

Important Notice: Condominium Review Fees Disclosed for Non-Delegated Customers

Effective July 1, 2026

Historically, FLCBank has absorbed the cost of reviewing a condominium project’s eligibility for agency financing. Beginning July 1, 2026, to support the review of condominium project eligibility for agency financing on Non-Delegated loan submissions, FLCBank will require Non-Delegated customers to disclose the condominium review fee to the borrower on the Loan Estimate (LE) and Closing Disclosure (CD), as applicable in accordance with federal disclosure requirements.

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